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Korean companies eye Sri Lankan construction business

ECONOMYNEXT – A delegation from South Korea’s infrastructure sector has visited Sri Lanka and shown interest in projects in the island, particularly highways, urban development, agriculture and education.

The delegation was led by Kim Kyung Hwan, Vice Minister of Korea’s Ministry of Land, Infrastructure and Transport, the Korean embassy said in a statement.

He was accompanied by governmental officials and a large business delegation representing the infrastructure sector, including Korea Expressway Corporation, Korea Land and Housing Corporation, and Korea Water Resources Corporation.

The Vice Minister made a courtesy call on Sri Lankan Prime Minister Ranil Wickremesinghe  and discussed “various ways to strengthen bilateral cooperation and economic engagement in the infrastructure sector, along with agriculture and education,” the statement said.

He also held bilateral meetings with Patali Champika Ranawaka, Minister of Megapolis and Western Development and D. C. Dissanayake, Secretary of the Ministry of Higher Education and Highway.

This was to discuss large-scale infrastructure projects including the Western Province Megapolis and the construction of the Central Expressway.

During the meeting with Malik Samarawickrama, Minister of Development Strategies and International Trade, both sides “discussed several issues of mutual interest including energy-related projects and an industrial complex in Sri Lanka,” the statement said.
(COLOMBO, June 23, 2016)

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