Sri Lanka eyes PPPs for island developments

The Government of Sri Lanka is looking to use PPPs to drive developments on its small islands chain.

A new Sri Lanka Islands Development Authority will look to drive investment onto the archipelago in a bid to boost tourism. Potential projects would focus on physical and social infrastructure, as well as tourism projects such as water bungalows as seen in the Maldives.

Urban Development Minister Prasanna Ranatunga told local news outlet Business Times that the authority would seek to leverage PPPs and leasing models to attract investors.

Earlier this year, the Sri Lankan government announced plans to re-establish its National Agency for Public Private Partnership (NAPPP) to help with “identifying and facilitating investment” into the country.

To read more about the potential for PPPs to deliver much needed infrastructure on Small Island Developing States (SIDS), click here