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19 January, 2016 09:20 AM Source: Financial Times - Sri Lanka
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The first phase of the Government’s flagship project, Western Province Megapolis, will be unveiled later this month and require an impressive investment of $44 billion.

Megapolis and Western Development Minister Champika Ranawaka said the Government is also planning key road shows in Japan, Germany, India, China and Singapore to attract investors to the project.

Western Megapolis is Sri Lanka’s grand strategy to propel the country’s brand to achieve the status of a high income developed nation by 2030, he noted.

“In Sri Lanka the Government is investing about $30-$35 billion per annum and our target is $44 billion for the next five years,” Ranawaka said making a presentation on ‘The Vision of Megapolis and Investment Opportunities’ organised by the Sri Lanka-Italy Business Council of the Ceylon Chamber of Commerce in Colombo yesterday.

He went on to say that the plan would be funded by the Government of Sri Lanka, private sector, foreign Governments and foreign investors.

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