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Sri Lanka to market Megapolis projects in India and China

Jun 28, 2016
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Sri Lanka will market around 44 billion US dollars of government and private investment projects planned under a ‘Megalpolis’ to investors in India and China, Minister Patali Ranawaka said.

Under a plan to make Sri Lanka a ‘megapolis’ of 9 million people 140 projects have been identified which will be completed over the next 15 years.

He said Japan and Korea was also key targets for investments.

Tough global conditions as well local domestic financial constrains were challenges to bringing investors, he said.

Ranawaka said investors from Germany had visited Sri Lanka following a meeting in Germany, and there was also meeting in Korea, Minister Ranawaka told Colombo-based Foreign Correspondents Association.

The government itself will build some infrastructure and public private partnerships were sought, he said.

In addition to investors, foreign government financing was also sought for some projects.

He said delegations from Japan had also visited Sri Lanka.

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