SRI LANKA - Ministry of Finance and Planning

equitably priced services. It is therefore, feasible to
price services on an economic and equitable basis.
Environmentally Sensitive Development
As aggressive development takes place, environmental
factors will be carefully considered and respected.
The National Physical Planning Policy takes into
account the need to conserve the environmentally
sensitive central region as well as the coastline, and
minimize population pressures on them. In addition,
development plans will consider factors such as
changing climatic conditions and the increased
incidence of disasters such as landslides, floods, and
droughts.
Development plans and guidelines will include criteria
to ensure the long term sustainability, environmental
sensitivity, and climate resilience of planned cities.
Sprawl of settlements will be controlled and highdensity
(vertical) development alternatives with
plenty of open spaces will be encouraged. Greening
of settlements will be pursued as well, to create
conducive living environments for our people.
Mobilizing Private Investment
The government will spearhead the development of
Master Plans and development regulations for the key
urban areas. These plans are expected to create the
clarity and enabling environment necessary to unleash
significant private investment in their development.
A range of financing strategies will be used in order
to boost investment in planned large scale urban
infrastructure and services. Several models such
as BOT (Build, Operate and Transfer), BOOT (Build,
Own, Operate and Transfer) and BOO (Build, Own
and Operate) for private sector participation will be
promoted. The issuance of bonds and other instruments
for public participation in the financing of development
will be explored.
Complicated and lengthy procedures, rules and
regulations in the development process will be
evaluated and streamlined reducing ambiguity of
procedures, time needed for approvals, and uncertainty
for investors.
Chart 7.4.1 Investment Plan (2010-2015): Urban
Development and Housing
2,000
20,000
Rs Mn
,000
Rs. 0,000 mn
,000
0
Mobilizing Private Investment
Govt. Govt. Govt. Govt. Govt. Govt.
200 20 202 20 20 20
Foreign Domestic
Sri Lanka - The Emerging Wonder of Asia
183