Sri Lanka offers $ 44-bn projects to Indian firms

Megapolis Urban Development Project
Known for their quality construction practices, Indian companies like the Tatas and Infosys are all set to get an ambitious 15-year Megapolis urban development project, covering the entire Western Province of Sri Lanka, entailing a staggering investment worth $ 44 billion. The projects included the rebuilding and renovation of the capital city of Colombo, Megapolis Minister, Patali Champika Ranawaka, said in a media statement, adding that officials from his ministry will be holding road shows in India, shortly. The Tatas are already in the country and on this score the Sri Lankan government has sought the assistance of the Government of India to organize meetings with Indian chambers of commerce and industry. The Minister clarified that the Megapolis project is different from the Chinese-funded US $1.4 billion Colombo Port City project, though the latter will be organically linked with the Maritime City which is to come up as a part of the Megapolis project. The Maritime City will run along the Western Coast from Wellawatte to Wattala. There would be an Aviation City around the Colombo International airport at Katunayake, an Industrial City in Mirigama, an Administrative City around Battaramulla to accommodate 130 government offices and the Defense Heaquarters and also Central Business District around Beira Lake and shifting of the wholesale market at Pettah to Paeliagoda, he claimed.

Govt goes for ₹8,000-cr NH along the border in J&K

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PNC Infratech wins ₹6,731-cr highway contracts

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CMRL floats tenders for ₹2,671-cr elevated corridor

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Centre sanctions ₹6,399-cr for stressed NBFCs & HFCs

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Volvo Buses India integrates with VECV

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Dilip Buildcon bags HAM model project in Karnataka

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NHIDCL floats tenders for ₹117-cr NH project

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Govt lists ₹111 lakh-cr infra projects under NIP

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Signature Global launching 10,000 affordable units

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Mining sector awaits industry-friendly reforms

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India unveils ₹10,000-cr port in Great Nicobar Island

PM, as he inaugurated the first undersea optical fibre project to provide high-speed internet to Andaman and Nicobar Islands, informed that India is contemplating to invest ₹10,000 crore for building a transshipment port Read More ...

BRO invites bids for ₹101-cr road project in NE

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MHRFL generates ₹1,400-cr for rural disbursals

Anuj Mehra, MHRFL MD, informed that the Mahindra Rural Housing Finance Ltd (MHRFL) has raised over ₹1,400 crore in April-July 2020 to stay liquid in the housing sector. The company has resumed loan disbursals and collections Read More ...
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