The Sri Lankan government has launched an ambitious program of physical infrastructure development to completely upgrade the sea, air, road, power and telecom backbone of the country. The following are the main features of this program:
1. Sea Port and Airport Development
The Sri Lankan government has declared its intention to develop the country as a leading regional aviation, navigation and trading hub in South Asia. Therefore, the development of maritime & aviation transportation is at the forefront of the government's infrastructure development agenda. The focus of these developments is to expand the capacity and improve the efficiency of existing ports through modernization and construction of new ports and airports in strategic locations.
Major Sea Port and Airport development projects in progress:
- Colombo South Port Expansion
The Colombo South Port expansion project with three terminals, each terminal having capacity of 2.4 million TEUs per annum, will increase the capacity of the Colombo Port by 160% upon completion. Over 50% of the construction work of the breakwater has been completed. The first terminal, a join venture between the Sri Lankan Aitken Spence Group and China Merchant Holdings Ltd, is expected to be ready for operation in 2013.
- Hambantota Port Development
Phase I of the project, the Mahinda Rajapaksa Magampura Port, was inaugurated in November 2010. The port is expected initially to function as a service and industrial port and later be developed to handle transshipment cargo. Phase II of the port is underway at an estimated cost of US$ 800 Mn. The port is ideally located to serve the main East-West shipping lane connecting Europe and the Middle-east with South East Asia.
- Expansion of Bandaranaike International Airport
A project is under way to expand the island’s first international airport at Katunayake, 35 km north of Colombo. The project includes the expansion of the transit area, construction of new baggage-reclaim area, multi storied car park and widening of the existing runway. A feasibility study is being carried out for a second runway.
- Development of a second International airport at Mattala
The construction of the new international airport at Mattala in the southern Hambantota district is carried in two phases. The first phase will be completed towards end of 2012 will include one runway and a taxi way that will be expanded in the second stage to allow for larger planes, including the latest airbus A380, to land. This air port will open up the vast southern and eastern areas of Sri Lanka for development including tourism projects. The airport will be in close proximity to the Hambantota port..
2. Development of High Mobility Road Network
Road development in the country, which was left behind last few decades due to the war, has been given prominence by the government. The national Road Master Plan has already been prepared, which focuses on the construction of highways, widening of highways, reduction of traffic congestion, road maintenance & rehabilitation and bridge rehabilitation & reconstruction.
It has become an urgent necessity for further investment in road network, thus the development of road network has become a major determinant factor in attracting new investments to the country.
Major road development projects in progress;
3. Power & Energy
Development of power & energy sector is a key aspect of the government's infrastructure development agenda and long term strategies have been introduced with active participation of the private sector, as a key component.
Major power projects in progress
Ambitions planes are under way to increase the national grid from 2817 MW to 4732 MW (by 2016) and to reduce the cost of generation by harnessing the latest clean coal technology.
4. Telecommunication Infrastructure Development
- SEA-ME-WE IV
Sri Lanka is connected to the South East Asia-Middle East-West Europe 4 (SEA-ME-WE IV) project, the submarine cable system linking South East Asia to Europe via the Indian Sub-Continent and Middle East. The project aims to take these regions to the forefront of global communication by significantly increasing the bandwidth and global connectivity of users along its route between Singapore and France.
SEA-ME-WE 4 fiber optics cables provide a bandwidth capacity of 1.28 terabits per second, with a 25 year guaranteed lifespan for the technology. This revolutionary submarine cable system offers Sri Lanka an immense bandwidth advantage, and paves the way to make Sri Lanka a globally competitive business hub.