Sri Lanka’s Richardson Technologies to proceed with Smart City project in Colombo
Sri Lanka’s Richardson Technologies to proceed with Smart City project in Colombo

Sri Lanka’s Richardson Technologies to proceed with Smart City project in Colombo

Richardson Technologies Ltd. (RTPL) in Sri Lanka is to proceed with the long awaited Smart City project in the country’s commercial capital, Colombo, the Daily FT has reported. 

The total investment to be made by Richardson was approximately Rs. 3 billion to convert Colombo into a Smart City, which included, but was not limited to installation of LED lamps, upgrading power distribution infrastructure for street lighting, installation of 200 CCTV cameras, Micro BTS, WiFi service and RFID sensors, the news report stated.   
The Smart City Technology is adopted by many cities across the world, including Europe, Singapore, Malaysia, Indonesia and India to promote an efficient platform by using existing street lighting infrastructure to offer enhanced services, the report further stated. 
The benefits for the citizens of Colombo will include the ability to remotely control and optimise the street lighting system in the city, eliminating dark spots and facilitate well illuminated streets to the citizens at the end of the project implementation period, automated fault reporting for quick rectification and restoration, and obtain critical traffic data/information and ensuring citizen safety through the CCTV system for designing of roads in the city.
Anticipated power saving is approximately 55%, equivalent to 7.2 million kWh (value Rs. 123 million) per annum. 

OSL take:

The growing demand/opportunities in Sri Lanka’s ICT sector is evident with the move to proceed with the Smart City programme in Colombo. Sri Lanka like other countries have seen a massive boost in online activities due to the Covid 19 situation resulting in a vast expansion of business/investment opportunities is Sri Lanka’s ICT and digital infrastructure development sectors. Foreign businesses/investors could therefore explore business/investment opportunities in Sri Lanka’s ICT sector.  

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Article Code : VBS/AT/15072020/Z_4

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