The government has planned to set up industrial parks specifically a Bio Technology Park along the proposed Central Expressway which will connect Dambulla, Polonnaruwa, Mullaitivu and Jaffna. The new park is to house pharmaceutical companies, a product design engineering manufacturing park and an IT park and also agro and aqua culture parks along the expressway.
According to Finance Minister Ravi Karunanayake, the Central Expressway is to be built under a public private partnership and fall under the purview of the ‘Infrastructure Development Authority (IDA).
“It is proposed to allocate Rs.1,000 million in 2016 as seed capital of the proposed IDA. It is also proposed to provide guarantees to the IDA, should the company be engaged in raising debt finance domestically or internationally,” Minister Karunanayake said.