Sri Lankan government to expand urban development to provincial cities
The Prime Minister of Sri Lanka, Mahinda Rajapaksa, who is also the country’s Minister for Urban Development and Housing, has called on his ministry officials and staff to understand the huge responsibility before them to transform the city and the country for the better in the future.
After assuming duties as the Urban Development Minister, Rajapaksa has noted that Colombo was elevated to be Asia’s fastest growing city by 2015 under his presidency and the situation had been reversed during the past few years.
Since development had been neglected for the past five years, Rajapaksa has pointed out the challenges that the Ministry was now faced with.
He has added that the ministry officials would have an important role to play in carrying out urban development.
Rajapaksa has also pointed out that urban development would not be confined to Colombo only and that it will be expanded to other cities in the country such as Kandy, Galle and Jaffna.
OSL take:
The decision of the government of Sri Lanka to expand urban development to the provinces outside the country’s key financial hub of Colombo had opened up a gamut of business/investment opportunities in Sri Lanka’s development agenda. Given Sri Lanka’s geographical positioning in the Indian Ocean, ease of doing business environment and the many trade agreements as well as trade concessions enjoyed by the country have increased the island’s appeal as a business/investment destination.
| Article Code : | VBS/AT/31082020/Z_3 |