Construction

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IMaCS Research & Analytics

Construction

September 2011

Prepared by

Industry Report on Sri Lanka

And

ICRA Management Consulting Services Limited
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Contacts: W Don Barnabas, Managing Director/CEO ICRA Lanka Limited, #10-02, East Tower, World Trade Center, Colombo 01, Sri Lanka Telephone: +94 11 4339907 Mobile: + 94 773417517 Fax: +94 11 2333307 Email: wdbarnabas@icralanka.com www.icralanka.com V Sriram Chief General Manager ICRA Management Consulting Services Limited India Telephone: +91 44 4596 4329 Mobile: +91 98400 88273 Email: sriram.v@imacs.in www.imacs.in Disclaimer This report is a joint initiative of ICRA Lanka and IMaCS. All information contained in this document has been obtained from sources believed by them to be accurate and reliable. Although reasonable care has been taken to ensure that the information herein is true, such information is provided ‘as is’ without any warranty of any kind, and neither ICRA Lanka nor IMaCS in particular, makes any representation or warranty, express or implied, as to the accuracy, timeliness or completeness of any such information. All information contained herein must be construed solely as statements of opinion, and neither ICRA Lanka nor IMaCS or any other Group ICRA Company shall be liable for any losses incurred by users from any use of this document or its contents in any manner. Opinions expressed in this document are not the opinions of our holding company, ICRA, or ICRA Lanka Limited (ICRA Lanka) and should not be construed as any indication of credit rating or grading of ICRA or ICRA Lanka for any instruments that have been issued or are to be issued by any entity.

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TABLE OF CONTENTS
EXECUTIVE SUMMARY ...........................................................................................................1 SRI LANKA CONSTRUCTION - SWOT ANALYSIS ........................................................................3 OVERVIEW OF CONSTRUCTION INDUSTRY IN SRI LANKA .........................................................4 ECONOMIC CONTRIBUTION OF CONSTRUCTION INDUSTRY .....................................................5 GDP FROM CONSTRUCTION............................................................................................................... 5 CONTRIBUTION TO EMPLOYMENT ....................................................................................................... 6 CONCESSIONS FOR CONSTRUCTION INDUSTRY .......................................................................7 SCHEMES INITIATED BY GOVERNMENT OF SRI LANKA ............................................................................. 8 NATIONAL REGISTRATION AND GRADING SCHEME FOR CONTRACTORS...................................................... 8 INFRASTRUCTURE DEVELOPMENT ..........................................................................................9 MAJOR INFRASTRUCTURE PROJECTS .................................................................................................... 9 KEY ISSUES FACED BY PLAYERS ............................................................................................. 15 ECONOMIC OUTLOOK .......................................................................................................... 16 INVESTMENT ESTIMATES ..................................................................................................... 19 WORLD BANK ‘DOING BUSINESS 2011’ – SRI LANKA’S POSITION IN THE CONSTRUCTION SECTOR ................ 20 REGISTERING A PROPERTY IN SRI LANKA............................................................................................. 21 OUTLOOK FOR THE CONSTRUCTION INDUSTRY ..................................................................... 22 ANNEXURE: MAHINA CHINTANA (HOUSING SECTOR)............................................................ 24 CURRENT SITUATION AND TRENDS .................................................................................................... 24 HOUSING NEEDS OF...
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