Sri Lanka signs MOU with Korean Ministry of Land, Infrastructure and Transport on collaboration for Western Region Megapolis Development

The Minister of Megapolis & Western Development of Sri Lanka Patali Champika Ranawaka met with the Minister of Land, Infrastructure and Transport (MOLIT) of the Republic of Korea Kang Ho-in on Tuesday 24 May in Seoul to discuss economic cooperation including Korea’s specific engagement in the Western Region Megapolis development projects. The bilateral meeting was followed by the signing of a Memorandum of Understanding (MOU) by the two Ministers on collaboration between the two Ministries for Western Region Megapolis Development Activities.

Subsequent to signing the MOU, a Presentation and a G2B session were organized providing detailed information on projects under the Megapolis Development Plan with the participation of around 17 reputed Korean companies. Presentations on different projects under the Megapolis Masterplan were made by senior officials of the Ministry of Megapolis and Western Development at the session. Over 150 development projects have been identified for implementation under the Magapolis Masterplan under 10 thematic areas.

During the visit from 23 to 25 May, Minister Ranawaka also met with the President & CEO of POSCO ICT Choi Doo Whan and Vice President of the Korea International Cooperation Agency (KOICA) Sungho Choi and discussed further collaboration on Megapolisprojects, with specific focus on harnessing Korea’s experience in science, technology and innovation including smart city development.

Sri Lanka’s Ambassador to the Republic of Korea Manisha Gunasekera, senior officials of the Ministry of Megapolis and Western Developmentand the Sri Lanka Embassy in Seoul, and the Korea Land and Housing Corporation (LH), a state-owned enterprise under MOLIT, were associated with the visit.