Thai companies eyeing Sri Lanka
The Thailand Trade Representative (TTR) will support small and
medium-sized Thai construction companies seeking business opportunities
in Sri Lanka, which requires investments of US$ 23.52 billion from now
TTR officials will join 10 to 15 Thai construction companies in Sri
Lanka from January 19 to 22 as part of its effort to encourage Thai
companies to become more active abroad.
TTR President Kiat Sittheeamorn, said Thai construction companies are
highly competitive in international markets because they have decades of
experience in construction technology for high-rise buildings,
infrastructure, and housing with attractive designs and decorations.
However, smaller Thai companies are still weak in competing for
projects abroad so they need the government to help reduce obstacles,
such as providing bank guarantees.
He said Sri Lanka needed to develop infrastructure such as
expressways, highways, railways, water supply systems and housing
Major projects in the next six years include 569 kilometres of
expressways and highways estimated to cost $18.84 billion; widening of
4,900 km of existing highways at $1.33 billion; $185 million to reduce
traffic congestion; $1.27 billion for rail transport, $1.9 billion for
water supply, $526 million for power plants, and the development of
890,000 housing units.