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The Asian Development Bank (ADB), in collaboration with the Ministry of National Policies and Economic Affairs of the Government of Sri Lanka, conducted a workshop on the Colombo-Trincomalee Economic Corridor (CTEC) on 6 April 2018 in Colombo, Sri Lanka.

The workshop, which was attended by more than 50 participants from various ministries, presented the final report on the comprehensive development plan for the CTEC. The plan lays out the framework for economic corridor development, and proposes a strategy for CTEC development.

Mr. Hun Kim, Director General, South Asia Department, ADB, emphasized the importance of economic corridor development for Sri Lanka as a strategy to improve manufacturing and industry through a holistic approach involving an integrated multisectoral framework.

In their messages, Dr. Harsha de Silva, State Minister of National Policies and Economic Affairs, and Mr. R. Paskaralingam, Senior Advisor to the Prime Minister, stressed the commitment of government for the implementation of CTEC.

The Government of Sri Lanka has taken up the economic corridor development approach through the CTEC as a holistic strategy to address spatial imbalances, and promote the growth of industrial clusters and urban agglomerations.