Construction sector gets positive signals from Govt.


Sep 07, 2016 – There is no visibility in FDI investments which the Government has been promoting, said President of the Chamber of Construction Industry Sri Lanka (CCI) Dr Surath Wickramasinghe.

Speaking at the Build SL 2016 launch at the Galadari, he said that hopefully these would be fruitful soon.

He also said the Prime Minister Ranil Wickremesinghe must be commended for taking the initiative in overseas countries, to promote the Megapolis Project in Sri Lanka similar to what Prime Minister Narendra Modi did in India in promoting the 100 Smart Cities.

In this connection, both Prime Ministers have been marketing their Countries in the Capitals of the wealthiest countries in the World, meeting their Corporate Giants and Government Leaders with a view to attracting FDI.

He said that the Sri Lanka Construction Industry, was experiencing positive signals from the Government regarding the potential for Investment and Development on several Projects. “The Colombo International Financial City has once again been given the green light to commence operations which would help the construction industry.”

“Some of the Megapolis Projects such as the Light Rail Transport offered by the Japanese Government, had also been accepted. The Highway Project to Kandy had commenced work.”

“This means that today major contracting firms are up full with work. In addition, the Private Sector Mega Projects, mainly Real Estate have also commenced or are awaiting to commence.”

The Construction Industry are concerned, as to what the Government Policy is in regard to Foreign Investment / Development, as we are made to understand both in the Media and from the Policy Statements of the State Agencies that, Land and Projects are being offered to Foreign Companies.

“We request the Government to include a clues that says that a reasonable proportion of the work be allocated to the Local Consultants and Contractors. If this is possible, there will be Technology transfer and Knowledge gains in both Professionalism and Skills in the Construction Industry. This will pave the way for a “reverse brain – drain” and most importantly for the sustainability for the future growth of the Industry.”

Another urgent matter facing the Construction Industry is the shortage of Skilled Labour, to meet its requirements, especially at a time when Sri Lanka are on the “threshold” of a huge boom for its growth.

“In this connection, the President CCI requests the Chinese Government consider setting up one or more Skills Training facilities in different parts of Sri Lanka, as it will greatly assist the Skills requirement of approximately a Million persons needed for the Construction Industry, over the next five years. (SS)



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