Sri Lanka seeks investments from France for Megapolis project

megapolis

July 13, 2018 (LBO) – Sri Lanka recently concluded an investment forum in France aimed at attracting foreign investments for the Megapolis project that is being carried out in the Western Province.

The forum was held in Paris, France from 01 July to 06 July 2018 with the participation of well-known French companies.

Speaking at the forum, Megapolis Minister Champika Ranawaka highlighted Sri Lanka’s geographical strategic position in the Indian Ocean on the Silk Road as an entrance to South Asia and Africa.

He briefed the forum on the country’s future challenges and the government’s plans on urban development in the western province to transform it into one Megapolis.

The Minister stated that with the creation of different corridors, connected ports, and public transport, the government wishes to attract foreign investors.

Minister Ranawaka further elaborated on the projects available in the plan such as the Financial Business District, Industrial Township, Aero city, Tech city, Logistic and Tourism activities, Plantation City and Forest related Economic City.

The forum was attended by Director Géraldine Lemble and Chloe Mullions of MEDEF International in Paris among others.

Director Géraldine Lemble of MEDEF appreciated the presentation and details of the available project opportunities.

She was committed to supporting Sri Lanka with members of the Sustainable City Task Force and the Maritime Task Force of the MEDEF.

French Government and French companies showed their keenness in Sri Lankan market and requested details in some areas to improve the trade relationship between the two countries.

The Minister and the delegation also had the opportunity to visit the Saint Lazara Station, which is similar to the proposed Pettah Multimodal Transport Hub.