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.
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