Government Moves to Pass Public-Private Partnership Bill to Boost Investment Infrastructure

EconomyNext, WhatNews (සිංහල), Lanka Business Online, Newswire, Ada Derana and Hiru News report that Sri Lanka’s Cabinet approved publication of a draft Public-Private Partnership bill in the Government Gazette, followed by submission to Parliament. Lanka Business Online says the proposal was put forward by the President in his capacity as Minister of Finance, Planning and Economic Development, and was announced in a Cabinet media statement on October 19, 2026, subject to confirmation at the next meeting.

EconomyNext and Lanka Business Online report that the bill follows an earlier Cabinet approval on June 2, 2025, to develop a legal framework for promoting and facilitating PPPs. EconomyNext and Lanka Business Online say the Legal Draftsman prepared the bill and the Attorney General cleared it; EconomyNext adds that the proposal is intended to draw private capital into public investment.

EconomyNext, Lanka Business Online, Newswire, Ada Derana and Hiru News report that the proposed law would establish a National Agency for Public-Private Partnerships. EconomyNext says the agency would facilitate, advise, coordinate and monitor projects and assist their execution across economic sectors.

EconomyNext reports that the bill would set out processes for identifying, developing, assessing, approving, procuring, implementing, monitoring and concluding PPP projects. It also aims to connect them to public investment management under the Public Financial Management Act, maintain fiscal discipline and create transparent, competitive procurement aligned with National Procurement Commission guidelines. EconomyNext reports that Cabinet spokesman Nalinda Jayatissa described the bill as a way to put PPPs on a more structured footing.

Written automatically by AI from the outlets’ own reports, and not reviewed by an editor. It can be wrong — the original report is the authority.