Colombo+to+become+Region%27s+most+crucial+commercial+zone
Friday, 22 January 2016 - 12:04
Colombo to become Region's most crucial commercial zone
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Minister of Megapolis and Western Development, Patali Champika Ranawaka claims that Colombo will be converted to the most crucial commercial zone in the Indian Ocean. 

He made this remark at a media briefing held in Colombo yesterday with regard to the Megapolis Development plan which is to commence on the 29th of this month.

The newest grand strategy of the Island, the ambitious Western Megapolis has been conseptualized by the Wickramasinghe administration, focusing to achieve three national goals:

(i)    To address the issues resulting from the congestion pressures exercised in the urban physical infrastructure, service amenities and the environment, due to urbanization.

(ii)   To create the enabling environment for driving the nation to the status of a high income developed country tunneling through the middle income trap, through development and transformation of the physical and institutional infrastructure and the national economic structure.

(iii) To optimally harness the benefits of knowledge-based innovation-driven global economic environment backed by new industrial revolution and emergence of smart cities.


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