Sri Lanka’s Megapolis Master plan unveiling in Jan 2016

Nov 30, 2015 (LBO) – Sri Lanka’s government will unveil the ‘Master Plan’ it has developed to build Sri Lanka’s proposed ‘Western Region Megapolis’ during early January 2016, Minister Champika Ranawaka says.

“The government is planning to adopt a four pronged strategy to build the ‘Megapolis’ which will be built within three phases running between the years of 2016 to 2030,” Champika Ranawaka, minister of Megapolis and Western Development said.

The Minister was speaking at a monthly committee meeting of the Ceylon Chamber of Commerce, which included 30 top corporate executives of the country.

He said that the first phase will span from the year 2016 to 2020, while the second and third phases of the project will span from year 2020 to 2030.

“The proposed Megapolis will be built with ‘Public Investment’, ‘Private Investments’, ‘Public and Private Partnerships’ and also ‘Foreign Direct Investments’.”

The Minister says that the government will consult the private sector and seek their views about the ‘Master Plan.’

The meeting was chaired by Samantha Ranatunga, the Chairman of the Ceylon Chamber of Commerce. The Committee of the Ceylon Chamber of Commerce meets on a monthly basis to discuss important economic and business matters.