Boost for development drive | Daily News


Post-COVID-19 plans discussed

Boost for development drive

Focus on housing, industry, road network
Colombo Port to be further developed
Local capital for projects

President Gotabaya Rajapaksa has focused on the launch of an expedited development drive centering on Colombo and other main cities in the country as the country returns to normality.

A special  meeting  chaired by President Rajapaksa  was held yesterday at the Presidential Secretariat to discuss how this program is to be implemented.

The President was of the view that all development work which  are  not in progress should be completed soon  with public life and economic activities returning to normal in all districts.

The President also emphasized that these  development activities should continue without obtaining foreign loans and in compliance with the national policy.

The President also focused on the early commencement of development activities in the Eastern and Western terminals of Colombo Port at this meeting.

The discussion also focused on identifying and acquiring lands for development projects and construction of housing projects targeting low middle and upper income groups.

It was also discussed at this meeting to build housing units with all amenities targeting those coming from overseas for long-term stays. These housing units are to be given to them on a rental basis.

The President directed the officials to start all projects and construction of  large buildings in the Colombo city and adjacent areas which have been stopped due to various reasons after having discussion with the relevant parties

It was also discussed to expedite the construction of the road network connecting the Colombo city and several other cities. The President emphasized the environmental safeguards should be observed in all development projects.

The President has earlier stressed the need for a new economic model for Sri Lanka, post-COVID 19. The Presidential Task Force in charge of Economic Revival and Poverty Eradication has been entrusted with the responsibility of formulating a new economic model to achieve this objective. President Rajapaksa directed that the Task Force should prepare economic plans with specified targets in different areas. The President has pointed out that foreign investment and exports should be priority areas, which would also help the country to refrain from containing foreign loans to a great extent.

He has noted that agriculture, local industry and manufacture (including apparel), high-end tourism, higher education and indigenous medicine should be given prominence in such an economic model. Import substitution was also discussed at length.     

Ministry Secretaries, officials representing the institutions coming under the Urban Development Authority, Road Development Authority, Board of Investment and Sri Lanka Ports Authority participated in this meeting.


Visit Sri Lanka's Largest online shop. Over 125,000 unique categories such as Fresh Flowers, Cakes, Food, Jewllery, Childrens Toys and other Sri Lankan e-commerce categories. Low delivery cost to most cities here and free delivery in Colombo.

Add new comment