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Land acquisition, partnerships in Sri Lanka ‘Megapolis’ project

ECONOMYNEXT – A project to turn Sri Lanka’s capital and suburbs into a ‘megapolis’ will require some land acquisition, but authorities intend to get into partnerships with private owners where possible, a senior official has said.

“Some land acquisition will certainly be required,” said Nayana Mawilmada, Head of Investment of the $40 billion megapolis project.

“But where possible, we will seek to partner with private sector landowners so the benefits of planned developments can be shared,” he was quoted as telling the Main Committee of the Ceylon Chamber of Commerce.

The project is also looking to consolidate the management of state land resources so state assets can be used and committed for development projects more efficiently, and also put forward for investments more systematically, he said.

The proposed Western Region Megapolis Plan will be institutionalised through  an act of parliament, in order to make sure it remains intact as a stable ‘national policy’, Mawilmada was quoted as saying in a statement.

He was responding to a question whether there is ‘bipartisan‘ support for the project.

“There is broad-based support for the project,” he said. “The plan will go through the parliament and will be made law together with the establishment of a new institution for its implementation to ensure that a stable policy environment is established.

“If somebody wants to change the plan, periodic revisions and updates will certainly be required, it will have to be done through a parliamentary mandate,” Mawilmada said.
(COLOMBO, June 16, 2016)

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