Preliminary Analysis Workshop: Colombo-Trincomalee Economic Corridor
15 Dec 2016
A Workshop on the Colombo-Trincomalee Economic Corridor was organized by the Asian Development Bank (ADB) in Colombo, Sri Lanka, on 15 December 2016, to present preliminary findings of the conceptual development phase of the corridor study.
- Emphasized corridor delineation;
- Presented initial key findings on potential growth sectors to be developed;
- Identified nodes for industrial development;
- Delivered an initial analysis of existing infrastructure gaps, including a list of potential priority infrastructure projects across multiple sectors; and
- Presented a regulatory and institutional framework to improve corridor management and business climate.
Building on the preliminary findings of the CTEC study, the next step is to seek approval on the nodes and their prioritization. Further consultations with relevant Government agencies will gather feedback on proposed interventions and initiatives to move the CTEC project forward.
The Workshop was attended by over 40 participants from various Government agencies, led by Mr. Shantha Bandara, State Secretary, Ministry of National Policies and Economic Affairs, Sri Lanka.
In her welcome speech, Ms. Sri Widowati, Sri Lanka Country Director, ADB, emphasized ADB’s support for economic corridor development as a policy development instrument to realize Sri Lanka’s inclusive and sustainable development goals.
The ADB technical assistance Support for South Asia Regional Economic Cooperation supports economic corridor development in Sri Lanka.