Sri Lanka in process to reduce delays in allocating lands for key projects

EconomyNext reports that President Anura Kumara Dissanayake outlined the initiative in Parliament on November 12 while presenting Sri Lanka’s 2027 budget. The government is working to reduce delays in allocating state land for key projects.

EconomyNext reports that a committee of officials appointed by the Cabinet is tasked with addressing delays and recommending concessions according to a project’s national importance.

EconomyNext reports that Dissanayake said investors outside Colombo could be considered for a special package, assessed by the scale of their investment, the jobs generated and the region involved. He said the approach is intended to make investment in places such as Jaffna and Polonnaruwa more attractive than applying the same incentives nationwide.

EconomyNext reports that the government’s stated goals are to increase investment and employment and reduce the divide between Colombo-centred economic activity and rural areas. The report gives no further timetable for the committee’s recommendations or implementation.