The Asian Development Bank (ADB) is currently designing a new digital transformation project for Sri Lanka, with a strong focus on embedding digital security and data privacy within the nation's accelerating digital economy.
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Port City Colombo (PCC) has achieved a major development milestone by completing all its essential utility infrastructure projects, effectively paving the way for further development within the Special Economic Zone (SEZ).
A high-level delegation from China's Sinopec Group has assured Sri Lanka's Minister of Foreign Affairs, Vijitha Herath, that the company will expedite the commencement of its proposed oil refinery project in Hambantota.
A Fundamental Rights (FR) petition has been lodged in the Supreme Court, challenging the proposed heavy mineral sand extraction project on Mannar Island. The legal action seeks to halt mining activities across key coastal areas due to environmental and conservation concerns.
WindForce PLC has acquired a 51% equity stake in Safe Power International (Pvt) Ltd to develop a 10 MW wind power project in Alankuda, Puttalam District, with an estimated total investment of Rs. 4.2 billion.
Sri Lanka launched its first AI-powered hotel, Grand Serendib Colombo, marking a landmark in the country's tourism sector. The inauguration event was held at Shangri-La Colombo and attended by Minister Vijitha Herath, national cricket icon Sanath Jayasuriya, MP Dr. Harsha de Silva, and other dignitaries.
Every successful project depends on teamwork. You can have the best plan, the most skilled workers and the latest technology but without trust and motivation, a project will not reach its full potential. In project management, these two qualities are the foundation of success. When a team trusts one another and feels motivated, they communicate better, solve problems faster and work towards the same goal with energy and confidence.
The Asian Infrastructure Investment Bank (AIIB) and the Government of Sri Lanka have signed a $52 million sovereign-backed loan agreement for the Kerawalapitiya–Port L Second Transmission Line Project. This project will install a 220 kV underground cable linking Kerawalapitiya Switching Station to Colombo Port L Grid Substation, complementing the first line commissioned in 2019.
Power and Energy Minister Eng. Kumara Jayakody reiterated the government’s commitment to expanding renewable energy, framing it not only as an environmental goal but a strategic economic investment. Despite fiscal and institutional challenges, renewable projects like the 5 MW solar power plant in Galle are progressing, bolstered by private sector investment and public-private partnerships.
The Cabinet of Ministers has approved a Rs. 3 billion project to develop a state-of-the-art airfield facility at Rathmalana Airport. This decision follows earlier authorization to commence procurement and marks a strategic effort to modernize the airport's infrastructure to support enhanced aviation operations.
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