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Surath
pleads for a Construction Bank
Laments
21st century approach to development absent in Sri Lanka
 Top
architect and Chamber of Construction Industry (CCI)
President Surath Wickramasinghe has strongly emphasised
the need for a Construction Bank in the country.
His recommendation for such a Bank is to resolve the
inherent and major problem faced by the construction
industry with regard to easy access to finance at competitive
terms.
“Sri Lanka must adopt a 21st Century approach to
development, this is not happening,” Surath said
during his address at the CCI’s Annual General
Meeting held recently.
For
example, there is an urgency to transform the City of
Colombo to be more vibrant and competitive with other
cities in Asia like Singapore and Malaysia. In South Asia,
India has already commenced Urban Regeneration projects
virtually in all major cities by infra-structure improvements
to their highways, relocating slums and shanties and other
under served buildings.
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