Korea to help Sri Lanka digitalize land data
ECONOMYNEXT- Korea’s Eximbank will fund a feasibility study to digitalize Sri Lanka’s land management systems, which will improve city planning, a statement from the Korean Embassy said.
The feasibility study will seek to establish a Land Data Infrasctructure (LDI) and Land Information Service System (LISS) in Sri Lanka through a grant under a technical assistance program.
"If implemented, the project will enable the Government of Sri Lanka to integrate the land parcel fabrics into LDI & LISS and enhance the ability to manage the city administration using land information service system for 24 municipalities."
The project will improve land data openness, allow for better use of such data, increase the efficiency of issuing land titles and grants, and strengthen revenue collection of municipalities.
Korea Eximbank is funding the study through an Economic Development Corporation Fund (EDFC) program.
"Based on the outcomes of the feasibility study, the Government of Korea will consider to approve EDCF Finance for the project implementation within 2019," the statement said.
"… (LX) has dispatched a team with relevant expertise in the field to analyze the status and requirements of the project, establish a target model for the proposed project, calculate the estimated cost for the project components, and set operations & management plan for establishments."
The consultant will also analyze the policy, legal, technical and economic feasibility of the project and set project performance indicators.
The first meeting on the study was held among officials of the Land and Parliamentary Reforms Ministry, Korea Eximbank and the LX team on 21 May. (Colombo/May25/2019)