Sri Lanka’s President proposes rapid city development programmes for Colombo and other main cities - Opportunity Sri Lanka
Sri Lanka’s President proposes rapid city development programmes for Colombo and other main cities

Sri Lanka’s President proposes rapid city development programmes for Colombo and other main cities

President of Sri Lanka Gotabaya Rajapaksa has this week proposed a rapid city development programme targeting the country’s main commercial hub – Colombo and other main cities.
A meeting in this regard was held at the Presidential Secretariat last week with the participation of ministerial secretaries and senior officials of the Road Development Authority (RDA), Board of Investments (BOI) and Sri Lanka Ports Authority (SLPA).
“Following the resumption of public life and office work, and the opening of the economy, development projects that were halted must be expedited,” the President has said.
The President has further noted that projects must be carried out with 100% investment capital and development loans and that the projects must operate in line with domestic policy.
Discussions were also held on expediting the development of the Eastern and Western Terminals under the Colombo Port Expansion Project.
Focus was also drawn on the identification and acquisition of suitable land for development projects.
In addition, the construction of houses for low, medium and high income earners was also discussed at the meeting.
“Construction activities must resume for large scale buildings and development projects in Colombo,” Rajapaksa has said, adding that road projects connecting Colombo with other districts should also resume.

OSL take:

The government of Sri Lanka backed by President Gotabaya Rajapaksa are focused on ensuring that the country emerges stronger than earlier on its economic revival. The reactivation of the development programme that stalled due to the global Covid 19 pandemic has opened up a host of business/investment opportunities to the discerning investor who is now on the lookout for business/investment opportunities.

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Article Code : VBS/AT/20052020/Z_6

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