Sri Lanka needs to continue investing in infrastructure in order to meet emerging development needs in line with the changes in the economy. In this, shifting to Private Public Partnerships (PPPs) is key; to spur new investment, get better value for money, and get better economic results.
Future infrastructure development would be constrained by the funding model that the country has pursued up to now, which is almost entirely reliant on public funds. Some recent publicly financed infrastructure projects have also not been viable or optimal and are unlikely to have sustainable revenue models, which in turn hurts the greater economic development impact of infrastructure investments. The Ceylon Chamber of Commerce’s National Agenda Committee (NAC) on Infrastructure argues for a step change in this approach, by encouraging greater private investment in meeting these needs through PPPs.