Sri Lanka’s Minister of Transport, Highways and Urban Development, Bimal Rathnayake, has confirmed that ongoing construction projects across the country are progressing without interruption despite global uncertainties arising from the Middle East conflict. The government has assured continuity in key infrastructure developments, maintaining planned schedules and execution.
The University of Hull has launched a two-year collaborative project to support sustainable wetland management in Colombo. The initiative, developed in partnership with the International Water Management Institute, focuses on improving flood resilience and climate adaptation in urban wetland environments.
The long-delayed redevelopment of the Trincomalee Oil Tank Farm has gained renewed urgency as Sri Lanka faces energy supply challenges amid global disruptions linked to the Middle East conflict. High-level discussions during the visit of C. P. Radhakrishnan highlighted the need to accelerate implementation, with officials emphasizing that no further delays can be afforded for such a strategically important project.
The heavy mineral sands (HMS) project on Mannar Island, led by Titanium Sands, is emerging as one of Sri Lanka’s most significant upcoming resource developments. The project is expected to benefit from a new national mineral policy currently awaiting parliamentary approval, aimed at strengthening the country’s mineral economy and attracting foreign investment, with at least 14 investors showing interest in mineral exploration and processing.
The Ambuluwawa Religious and Biodiversity Complex is set for a major infrastructure upgrade with the introduction of Sri Lanka’s first cable car system. The 1.5 km նախագ featuring nine towers aims to improve accessibility, reduce travel time, and increase foreign tourist arrivals from the current 8% to an estimated 10–15%, further strengthening its role as a key tourism and economic hub in the Kandy District.
Prime Group has announced that its flagship residential project, YOLO by Prime Group, has received approval from the Board of Investment of Sri Lanka, marking a significant milestone in attracting foreign investment and supporting urban development. The company has signed a $52.5 million investment agreement with the BOI, highlighting the project’s contribution to economic growth and modern housing infrastructure.
Sri Lanka’s Foreign Minister Vijitha Herath has identified the redevelopment of the Trincomalee Oil Tank Farm as a long-term solution to the country’s ongoing fuel and energy challenges. The government plans to modernise the Second World War-era storage facility and develop Trincomalee into a regional energy hub through a tripartite partnership with India and the United Arab Emirates. This initiative follows a Memorandum of Understanding signed in April 2025 during the visit of Narendra Modi.
The Cabinet of Ministers has approved awarding a contract to construct a 28-kilometre, 220kV double-circuit transmission line from the Mannar Grid Substation to the Mullikulam Collector Grid Substation under the Mullikulam Wind Power Transmission Project.
The Sri Lankan Cabinet has approved a major five-year (2026–2031) Rs. 646 million project to protect the Kelani River through advanced data-driven environmental monitoring. The project brings together the Central Environmental Authority, University of Moratuwa, and Tohoku University, with funding support from the Japan International Cooperation Agency under the SATREPS program.
The Indian Register of Shipping (IRS) has achieved a significant milestone by launching its first defence export project - a floating dry dock being built for the Sri Lanka Navy at Goa Shipyard Limited (GSL). The launch ceremony was held on 19 February 2026 at GSL with Rear Admiral MDK Wijewardana of the Sri Lanka Navy as the chief guest, alongside senior officials from IRS and the shipyard.
