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    Rs 40 bn Megalopolis project begins Friday

    The ground breaking ceremony for the Western Province Megalopolis project at a cost of Rs. 40 billion will be unveiled tomorrow with plans to merge Colombo, Gampaha and Kalutara districts.

    The project is expected to be completed in fifteen years. Megalopolis and Western Development Minister Patali Champika Ranawaka speaking to Daily News Business said that he was confident to raise this amount from booth local and foreign investors with minimal financial constraints for the government.

    Outlining the plans at Water’s Edge, the Minister said that though this project is centered around the Western Province, its ripple economic benefits will reach out to entire Sri Lanka. He said that this project will also help towards raising the per capita income of the country from $4,000 US to $12,000 by 2030.

    Ranawaka said that in a bid to have space areas for business, a Colombo Port City area will be demarcated from Mattakkuliya to Wellawatte and an aviation city in the Katunayake area. Both these will be linked to each other with a flyover. In a bid to promote IT and Research and Development and nano technology areas in Homagama and Malabe city limits have been identified.

    A new passenger transport bus service using eco friendly low floor buses will be introduced in Colombo from five points entering the city limits. He said that one of the unique features of the Western Province Megalopolis is that it is meticulously planned.

    Under the previous regime Colombo city beautification was done and they have now proved to be unplanned and difficult to maintain.

    “Today the government has to spend nearly Rs. 30 million to maintain the Race Course shopping complex, the Arcade at independence square and the floating market in Pettah”.

    In addition the Urban Development Authority has to still get over Rs. 39 billion from housing complexes that were done.

    Courtesy – DN

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