Minister Ranawaka explains Megapolis concept to Ceylon Chamber Committee

.Minister Ranawaka speaking at the Ceylon Chamber of Commerce

A section of the business leaders in attendance at the meeting

The Minister of Megapolis and Western Development Champika Ranawaka says the Government will unveil the ‘Master Plan’ it has developed to build Sri Lanka’s proposed ‘Western Region Megapolis’, during early January 2016.

According to the Minister, the Government is planning to adopt a four pronged strategy to build the ‘Megapolis’ which will be built within three phases running between the years of 2016 to 2030.

Minister Ranawaka speaking at the Monthly Committee Meeting of the Ceylon Chamber of Commerce, which is taken part by nearly 30 top corporate executives of the country, said the first phase will span from the year 2016 to 2020, while the second and third phases of the project will span from year 2020 to 2030.

He said, the proposed Megapolis will be built with ‘Public Investment’, ‘Private Investments’, ‘Public and Private Partnerships’ and also ‘Foreign Direct Investments’, which would be the four pronged strategy that would be adopted.

According to the Minister, the Government will consult the private sector and seek their views about the ‘Master Plan’. The meeting was chaired by Ceylon Chamber of Commerce Chairman Samantha Ranatunga. The Committee of the Ceylon Chamber of Commerce meets on a monthly basis to discuss important economic and business matters.