President’s Senior Adviser on National Security and Chief of Presidential Staff Sagala Ratnayaka said that President Ranil Wickremesinghe’s aim is to revive the construction industry in Sri Lanka and contribute widely to the national economy.

Sagala Ratnayaka made this statement when the “Executive Committee on the Revival of the Construction Industry” met at the Presidential Secretariat on August 02, the President’s Media Division (PMD) reported.

Sagala Ratnayaka

The progress of the government’s decisions to provide relief to those involved in the industry by providing solutions to the problems that have arisen in the construction industry in Sri Lanka, which collapsed due to the economic issues the country had to face, was also reviewed at length.

The committee members also pointed out that the three-month-old arrears owed by the government to the builders will be settled within the month of August, it added.

Speaking further, Ratnayaka stated that it is the government’s desire to quickly restart the development projects that were implemented in the country under foreign aid and was stalled mid-way due to the past economic problems, and with the success of the debt optimization program, it will be possible to recommence them, according to the PMD.

Accordingly, Mr. Ratnayaka has instructed the officials of the Foreign Resources Department to provide a report on the progress of the development projects implemented in this country with the support of the World Bank and the Asian Development Bank.