Ministry of Urban Development and Sacred Area Development

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Sri Lanka, being located strategically in the Indian Ocean, on the major air & sea routes between Europe and the Far East, is an advantageous position for developing into a global logistics hub. It offers many opportunities for investors. The Ministry of Urban Development and Sacred Area Development and its Institutions invite investors to examine the opportunities available in the urban development field.

Re-housing and land development

  1. The main institution involved in the field of re-housing and land development is Real Estate Exchange (Pvt) Ltd (REEL), which has a number of projects concerned with re-locating urban settlements and developing the vacated land.
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  2. The Panchikawatte Triangle project, which plans to relocate slums settlements in a major business district in central Colombo is handled by Panchikawatte Redevelopment (Pvt) Ltd. More details may be obtained from Dr. Sunil Aresakularatne (Telephone:094-112866446)
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Urban transport

  1. The development of a Mass Rapid Transit (MRT) System for the Colombo Metropolitan Area is the main project in the transport field, and is a response to the acute problem of passenger transportation in  Colombo  and its suburbs. The developer would Design, Build, Finance & Operate the MRT on the Ratmalana-Fort-Battaramulla route, a distance of 22 km.
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  2. Several Bus Rapid Transit schemes are also under consideration. For more details please contact Director General Urban Development Authority. (UDA)
  3. Investors operating urban transport solutions, for example light rail, monorail,  may contact the UDA
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Development of low-lying areas

The development of low-lying and marshy areas is carried out by the Sri Lanka Land Reclamation and Development Corporation.
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Details of how to invest

The state body handling foreign investment is the Board of Investment of Sri Lanka.
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