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 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 , and Europe

Infrastructure Conference 2017, HK 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

. 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 – PPP between China Merchant Port Holdings & SLPA . 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 –-- -- (15km) Japan has agreed to fund and B Elevated RTS – Line 2 (Orange) develop A & D – 25 - Maradana- / km @ US $1.25 bn (11.5km) investment

C Elevated RTS – Line 3 (Red)

Dematagoda-Borella-Kirulapone-Havelock City- Bambalapitiya (10km)

D Elevated or at grade RTS – Line 4 (Purple) Borella – (10Km)

E Elevated or at grade RTS – Line 5 (Pink) Battaramulla – via (9.6km)

F Elevated or at grade RTS – Line 6 (Olive)

Malabe – Kaduwela (6km)

G Elevated or at grade RTS – Line 7 (Ash) Planned Rapid Transport Network Peliyagoda – (13km)

Infrastructure Conference 2017, HK 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 Terminal • 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 )

• 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, Sea Plane Dedduwa Now is the Time to Profit from ’s Growth!

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