President to appoint expert committee to tackle construction sector challenges 

President Ranil Wickremesinghe 

President Ranil Wickreme-singhe is to appoint an expert committee to investigate and propose solutions for the prevailing economic challenges, particularly within the construction sector. 

He made these remarks during a discussion held at the Presidential Secretariat on Wednesday attended by industrialists from the construction sector. 

Wickremesinghe emphasised the inclusion of experts from the Finance Ministry, Urban Development and Housing Ministry in this committee formation process. 

He assured relief for industrialists across various sectors through debt restructuring by the following year.

The discussion also delved into the issues faced by contractors of all scales and parties within the construction field, including the revival of stalled projects, the establishment of an investment-friendly environment, the promotion of construction services and alternative funding and contracts. Counselling matters were extensively addressed during the session.

Senior Advisor to the President on National Security and Chief of Staff Sagala Ratnayaka, Central Bank Governor Dr. Nandalal Weerasinghe, Treasury Secretary Mahinda Siriwardena, along with other ministry secretaries and representatives from related institutions and the construction industry participated in the discussion.