Public-Private partnerships for development drive

COLOMBO (News 1st) – Steps taken to implement the country's development process through the partnership of public and private sectors in the future, said Prasanna Ranatunga, Minister of Urban Development and Housing.He said that a large number of persons have lost their jobs due to the ceasing of work in the construction sector.The Minister made these remarks when Members of Parliament inquired regarding the matter at the Ministerial Consultative Committee on Urban Development & Housing held under his chairmanship recently.The minister further mentioned that since there are private investors in the country who are willing to spend on development programs, development activities can be done through the partnership of the public and private sectors without using money from the treasury.Furthermore, the plans related to the development of the city were discussed at length at the Committee meeting held, and the officials pointed out that although no money has been allocated for the development activities, most of the plans related to the development have already been completed and all those plans can be completed in 2023.

The minister also instructed the officials to present the relevant plans to the district and regional development committees and complete them considering their needs.The minister also instructed the officials to present the relevant plans to the district and regional development committees and complete them considering their needs.Officials pointed out that due to the huge increase in the price of construction materials, construction has been abandoned.

Due to this, the officials pointed out that they are also receiving complaints from people who have paid money to buy houses about those projects.