Sri Lanka Infrastructure Financing Policies and Opportunities Eng. Mangala P.B. Yapa Member, Board of Directors
COUNTRY PROFILE • Island Nation of 65,000 Sq. Kilometers (6-times of Singapore) Air Routes • Population of 20.2 Million • Strategically located in the advantageous geographical location • connected through major shipping/air routes within South Asia and between East and West – a natural hub • Stable National Democratic Government • GDP Value US$ 81 billion (2016) Sea Routes • GDP Growth Rate of 4.4% • Per Capita Income US$ 3,900 • Literacy rate 92% • HDI - 0.757 Infrastructure Conference 2017, HK
BUSINESS ENVIRONMENT • 100% Foreign Ownership • No restrictions on the Repatriation of Earnings • Safety of Foreign Investments Guaranteed by the Constitution • Strong Intellectual Property laws in line with WIPO regulations • Signatory to the Multilateral Investment Guarantee Agency (MIGA) of the World Bank • Investment Protection Agreement and Double Taxation Relief Agreement with over 25 countries • Attractive Investment Incentives • Will shortly become the only country in the world to have preferential market access to India, China and Europe Infrastructure Conference 2017, HK
Colombo Port City & International Financial Centre • Flagship Project of OBOR Initiative • Land Area: 269 Ha • Almost 50% Reclamation Work Completed • Development in 2018 • Completion: 2041 Infrastructure Conference 2017, HK
Infrastructure Investment Opportunities Western Region Megapolis Development Plan Urban Housing & Town Center Developments Construction of Commercial Buildings Construction of Hospitals and Health Care Services Provisions of Sanitation Facilities or Waste Management Systems Development of Water Services Development of Internal Waterways & Related Transport Construction of Expressways Development of Sea Ports and Airports Port of Hambantota – PPP between China Merchant Port Holdings & SLPA Port of Colombo East Container Terminal – A PPP Model is Being finalised MRIA – a PPP With Airports Authority of India Ltd. LNG & renewable energy power plants Infrastructure Conference 2017, HK
LRT – 5 Lines: 50 km A Elevated RTS – Line 1 (Green) Fort – Kollupitiya-Bambalapitiya- Borella-Union Place- Maradana (15km) Japan has agreed to fund and B Elevated RTS – Line 2 (Orange) develop A & D – 25 km @ US $1.25 bn Fort- Maradana- Mattakkuliya/Peliyagoda investment (11.5km) C Elevated RTS – Line 3 (Red) Dematagoda-Borella-Kirulapone-Havelock City- Bambalapitiya (10km) D Elevated or at grade RTS – Line 4 (Purple) Borella – Battaramulla (10Km) Elevated or at grade RTS – Line 5 (Pink) E Battaramulla – Kottawa via Malabe (9.6km) Elevated or at grade RTS – Line 6 (Olive) F Malabe – Kaduwela (6km) G Elevated or at grade RTS – Line 7 (Ash) Planned Rapid Transport Network Peliyagoda – Kadawatha (13km) Infrastructure Conference 2017, HK
Beira Lake Waterfront Development • Lands spanning 155 Acres surrounding East Beira Lake in the heart of Colombo: Stage 1: 30 acres • Anchor Investment : a world-class Multi-Modal Transport Hub (MMTH): Railway, LRT & Bus Termina l • Major Components: – Lake cleaning and bank protection with basic infrastructure, – Land clearance & resettlement & Infrastructure Development. – Restoration & modernisation of heritage buildings. Infrastructure Conference 2017, HK
Elevated Expressways – 22 km • Awarded on PPP Basis • Port Access Elevated Expressway – 5.8 km • Section 1 – 5.8 km (Kelani Bridge to Port) • Tendering by end 2017 • Expected Completion by 2020 • Section 2 – 6.9 km (Kelani Bridge to Rajagiriya) • Section 3 - 9.0 km (Rajagiriya to Pore) • Completion by 2025 Infrastructure Conference 2017, HK
• Location: Dedduwa, Bentota (80 km south of Colombo) • Acreage: 1,873 Acres (864 buildable) • Approx. Cost of Initial Development: US $ 120/180 m • Dredging, filling, roads, bridges & facilities, utilities • Land Use: • Residential Boutique Hotels • Commercial Space • APGA Tour Standard Golf Course • Stadium/Auditorium • USPs: • Biodiversity • Natural Environment • Activities: Water-based recreational activities, Golf, Bio-diversity tourism, Shopping, Cinemas, Bespoke Dining • Accessibility : Express Way, Rail, Dedduwa Sea Plane
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