Reinforcing National Development Strategy

1. Changing the Landscape of
Sri Lanka
Reinforcing National
Development Strategy

2. WHY
SRI LANKA

3. SRI LANKA
•
Island Nation of 65000 Sq. Kilometers
•
•
Population of 20.9 Million
•
Peace and Political Stability
•
GDP Growth Rate of 6.4% (2012), 2nd Qtr
2013 6.8%
•
FDI (2012) - $ 1.34 Bn.
•
Per Capita Income US$ 2,923 (2012) wealthiest
among its South Asian neighbors'
•
Literacy rate 92% intelligent labor force
•
Never defaulted on international debt
obligations
Air Routes
Strategically connected to major
shipping and air routes to the East and
West
Sea Routes

5. INTERNATIONAL CONFIDENCE

7. The Ancient Silk Route once again an International Pathway

8. LEADERSHIP
The WILL, The VISION and Bold DECISION MAKING

9. The Mahinda Chintata – “Vision for the Future”
“The objective of our next massive leap forward is to transform Sri
Lanka to be a strategically important economic center of the
world. My determination therefore, is to transform Sri Lanka to
be the Pearl of the Asian Silk Route once again, in modern terms
using our strategic geographical location effectively. I will
develop our Motherland as a Naval, Aviation, Commercial,
Energy and Knowledge hub, serving as a key link between East
and West.”
The Ancient Silk Route once again an International Pathway

12. WHY SRI LANKA?
Business
Environment
Total Foreign
Ownership
Unrestricted
repatriation of earning
Constitution guarantees
foreign investments
Strong intellectual property laws in line with WIPO
Signatory to the Multilateral Investment Guarantee Agency (MIGA) of the World
Bank.
Investment Protection Agreement and Double Taxation Relief Agreement with
over 25 countries, including Singapore

13. Multilateral Investment Guarantees
Belgium/Luxemburg, Canada, China,
Denmark, Egypt, Finland, France. Germany,
Iran. India, Italy, Indonesia, Japan, The
Republic of Korea, Luxemburg, Malaysia,
Netherlands, Norway, Pakistan, Romania,
Singapore, Sweden, Switzerland, Thailand,
Britain, and USA.

14. MACRO ECONOMIC PERFORMANCES ON AN UPWARD TREND
2009
Growth in GDP in Real Terms %
2010
2011
2012
3.50
8.00
8.20
6.40
Per Capita GDP US$
2,057
2,400
2,836
2,923
Unemployement %
5.80
4.90
4.20
2013 2nd Qtr
6.80
4.00
2012 May-13
Foreign Direct Investments
US$ Mn
(Finalization of current FDI pipeline will raise FDI to US$
537.00 2,000Mn by end of year)
1,340.00
Net Inflows to Stock Market
US$ Mn
302.00
120.20
Net Inflows to Banking
System US$ Mn
554.00
664.30
Net Inflows to Govt
Securities US$ Mn
78.50
664.40

15. SOCIAL INDICATORS

16. SOCIAL INDICATORS

17. Sri Lanka- Level of Economic Freedom (2012)
Heritage Foundation / Wall Street Journal

18. Under article 157 of the country’s
constitution, no force of law and no
legislative, executive, or administrative
action can be taken to contravene the
provisions of a bilateral investment
agreement except on grounds of national
security.

19. WHY SRI LANKA?
Aviation Hub
Mattala – 2nd international airport
Vavunia
Katunayaka International
Airport
Sigiriya
Polonnaruwa
Ampara
Ratmalana
Modernization
of the
Katunayake
International
Airport
Katukurunda
Koggala

20. WHY SRI LANKA?
WHY SRI LANKA?
NAVAL HUB
Kankesanthurai Port
(KKS Port)
Trincomalee Port
Colombo South Port
Galle Port
Oluvil Port
Hambantota Port

21. Development of High Mobility Network
• Colombo - Katunayake Expressway (25km)
• Southern Highway (126km)
Northern Highway
• Outer Circular Highway (28km)
• Colombo - Kandy Highway (98km)
• Katunayake - Padeniya - Anuradhapura (153.3km)
Katunayaka-Anuradhapura
Highway
Colombo-Katunayaka
Highway
Colombo-Kandy Highway
Outer Circular Highway
Southern Highway
Southern Highway
Extension

22. WHY SRI LANKA?
WHY SRI LANKA?
Transforming Sri Lanka into a strategically important economic centre
Energy Hub
Telecommunications Hub
•
•
•
•
Develop own energy resources
Build new refineries
Acquire technical know-how on
how to conduct international trade
in oil
•
•
•
Sri Lanka is being developed as regional hub
for telecommunications
Fastest growth sector driven by public private
partnership
Development of faster and more efficient
technologies
Fiber Optic Cables with SEA-ME-WE IV
–
(Connectivity Bandwidth - 1.32 terabits
per second)

23. WHY SRI LANKA?
WHY SRI LANKA?
Transforming Sri Lanka into a strategically important economic Centre
Knowledge Hub
• Introduce scheme to reverse brain drain
and obtain knowledge and services of
local experts who have excelled
internationally
• Make significant changes to the education
structure of universities, technical colleges
and tertiary education institutions
• Commence training programmes that
directly target foreign markets
• Restructure the education and knowledge
systems that Sri Lanka becomes a hub for
knowledge and learning in the world.
Commercial Hub
 Establish Sri Lanka as the foremost centre
in the provision of commercial services,
international banking and international
investments

24. “ Sri Lanka, the fastest growing Asian economy after China”
“ Sri Lanka has emerged from a decades–long war, and is enjoying
an economic revival. It is currently the second-fastest growing
Asian economy after China , a fact not lost upon the IMF,
Which recently upgraded Sri Lanka to middle income
emerging market status ”
Teo Chee Hean
Deputy Prime Minister, Minister for Home Affairs,
Co-ordinating Minister for National Security and
Minister-in-charge of the Civil Service

27. WHY SRI LANKA?
Factor Costs US$
Sri Lanka
India
Thailand
Vietnam
China
120
306
263
114
364
696
1291
1423
641
840
0.09
0.07
0.12
0.06
0.12
0.48
1.045
0.415
0.38
0.94
17.4
71
22
38
114
Housing
1353
1965
1935
2550
4629
Telephone - Local (per min.)
0.02
0.02
0.1
0.01
0.03
14
26
89
169
18
Labour
(Monthly)
Shop floor
Managers
Power
Business (per Kwh)
Water
Business (per cum)
Office rent (per sqm)
Internet (Broad band monthly
charges)
Source : JETRO survey 2010

28. CHELINA CAPITAL CORPORATION

29. CHELINA CAPITAL CORPORATION

30. CHELINA CAPITAL CORPORATION

31. CHELINA CAPITAL CORPORATION
Chelina Capital Corporation has an array of exciting projects that
are in the process of being developed to an investor ready stage in
various sectors of the economy of Sri Lanka
The following pages will present highlighted projects for your
perusal.

32. Taprobane Business Center and Financial Hub
•The only such land parcel of
contiguous 30 acres In a investment
frontier
•99 Year lease
•Land valuation close to USD 150 Mn
•A Master Developer could deposit 10%
in SIA account and sign agreements
with Gosl
•Live Work and Relax self contained
community
•Access to Leisure and Entertainment
city on D R Wijewardhane Mawatha
•PWC viability report available
More details >

33. Keppetipola Mawatha Housing Project
AT PRESENT
70 Summit Flats
1090 sq.ft. floor area
Required:
600 apartments
1500 sq.ft.
USD 150,000 per apartment
Total Cost USD 75 million
LAND PRICE
USD 35,000 / 25sqmt (perch)
•Total land area 16 acres
•For the 11towers 5 acres
•Balance 11 acres on 99 year
Lease to investor
More details >

34. VAUXHALL STREET PROPERTY
The Property
Total Sq, Ft area
sq. ft.
– 69,088
Buildable area (80% of land) 55,270 sq. ft.
Saleable area (70% of Land)
48,362 sq. ft.
-
Proposed 35 floors – 1,934,450 sq. ft.
Saleable area
- 1,692,656 sq. ft.
This land is being held and
possessed by the Developer on
a 30-year Lease Agreement
with Government. According
to the Agreement the lease can
be extended to a 99-year Lease
Agreement
More details>

35. KALPITIYA
Islands on offer
Name
Baththalangunduwa
Pallitawatta
Eramutivu
Mutwal (Dutch Bay)
Periya Archchalai
Sinna Archchalai
Sinna Eramutivu
Eramitivu West
Kakativu
on offer (ha)
124.67
59.37
90.56
201.28
44.41
16.86
2.11
4.25
27.15
•SL Rs. 10 million to 12 million
per acre depending on extent
•99 year Lease
•Still available for investment
•Tax Incentives
•2 million tourist arrivals
•JV with local partner
More details>

36. Mega Investment in
Trincomalee
Sampur/
Trincomalee
harbour
To develop, operate, and manage a
special industrial zone for heavy
industries around the north
eastern Trincomalee Harbor.
MORE DETAILS

37. Hambantota Port
Entrepot
opportunities
Provides opportunities to establish
business ventures and industrial units in
an area developed in all spheres to divert
congestion of industries and other
The Sri Lankan Government has
activities in the Western Province
approved 23 project proposals for
More details > setting up industries in the
Hambantota district.

38. Solar Power Projects
2 PV Solar Power Projects
10MW each
45 Acres each allocated
for the projects in
Hambantota
Can be purchased with all
approvals on a plug-&
Play basis
Cost - US$ 5 Mn each
More details >
Sri Lanka’s Commitment to Green
Energy
Buruthkanda Solar Park
Maximum Capacity 1237 KW
Annual Generation 1,7GWh

39. OIL EXPLORATION IN SRI LANKA
"Sri Lanka hopes to join the natural gas
producing nations' club, we are looking
at natural gas production around 20172018," – Chairman Petroleum Resources
Development Secretariat
`Oil majors Exxon Mobil Corp, Royal
Dutch Shell PLC and France's Total
have shown interest in bidding for
blocks offered in Sri Lanka's current
licensing round
`Cairns India to bid for another block in
the second licensing round.

40. KATUNAYAKA AIRPORT HOTEL
BIA
Ideal for an Airport Hotel, almost
opposite of the Bandaranayake
International Air Port (BIA). The
Katunayake expressway’s is 500m
from the site. This expressway will be
open in August 2013. It will only take
20 minutes to reach Colombo using
the highway.
Land extent : 7A-2R-12P (3.0603Ha)
Estimated land cost
: Rs.
250,000.00 per perch
Development : 4 star / 200 rooms
BIA is the gateway to the city for
international travelers. Last year,
almost 1.0 million passengers flew to
and from BIA and that number
should increase over the next few
years.
Katunayaka Highway

41. Mt Lavinia Property
In 1805, Sir Thomas Maitland, a military General,
sailed to the island of Ceylon) to assume duties as
the second British Governor. He had the desire to
build a grand country mansion for himself. He
chose a location today known as Mount Lavinia.
It was in the year 1806 that Governor Maitland
built his new residence, a house fit for a king.
This mansion is today the Mount Lavinia Hotel
Mt Lavinia Hotel
St. Rita’s Road, Mt Lavinia – Passing Mt. Lavinia
junction, proceed south about 200m and on to
the right (sea side) is St. Rita’s Road.
It’s a rectangular block facing the sea, in extent
of 134.5p.
More details >
Mt. Lavina
beach

42. Sale of 45% of the existing issued share
capital of a
LICENSED SPECIALIZED BANK
In Sri Lanka
More Details
Transaction Ticket Size US$ 23 Mn

43. More Details

44. More Details

45. Sale of 45% of the existing issued share
capital of a
FULLY INTEGRATED
TELECOMUNICATIONS SERVICE
PROVIDER
In Sri Lanka
More Details
Transaction ticket size US$ 245 Mn