Traditionally, most of Sri Lanka quote s mega construction projects have been awarded to foreign contractors. But local construction companies say its time the scales are balanced.
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Mega projects are often those that are foreign funded and value wise, is huge, with an average Rs. 20 bn worth of work in this sector each year.
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rnIt is this big league that larger domestic contractors are trying to break into, but are trapped in a cycle of needing technology transfers and a lack of opportunity. rn
rnldblquote Unfortunately, most mega projects are taken by large foreign contractors. At any given time there are more than 20 large operators operating in Sri Lanka, all on aid funded projects
dblquote , says Harsha de Saram, Managing Director of International Construction Consortium Ltd.
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(ICC).rn
rnFollowing behind are larger projects from water supply to building construction ranging from Rs. 500 mn to Rs. 1 bn, by local contractors, funded domestically.
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rnIn the late 1970 quote s, with the opening