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 Fort- Maradana- Mattakkuliya/Peliyagoda 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 – Battaramulla (10Km)
E Elevated or at grade RTS – Line 5 (Pink) Battaramulla – Kottawa via Malabe (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 – 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 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 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, Sea Plane Dedduwa Now is the Time to Profit from Sri Lanka’s Growth!
www.investsrilanka.com