SL's first Green University Town to open in 2014

China Development Bank to invest Rs 5.4 b :

Vishmi Wijeratne

Sri Lanka's first Green University Town constructed by the National School of Business Management (NSBM) will be opened in 2014. China Development Bank will finance the construction by investing Rs 5.4 billion for the first time in Sri Lanka.

Youth Affairs and Skills Development Minister Dullas Alahapperuma said the construction of this ground breaking venture would begin in December, making Sri Lanka one of the main educational hubs in the world.

"This university will not only cater to local students,but foreign students, bringing in additional foreign exchange and increase foreign exchange savings to Rs. five billion by year 2025"

"The NSBM, while producing 5,000 graduates annually, will also provide the economy with Rs. 1.2 billion tax revenue.

"It will also provide more job opportunities by way of 300 placements for direct academic employment, 400 placements of direct non academic employment and also 1000 placements of indirect employment. The minister also said as the NSBM provides its students with two years of work experience,there will be increased opportunities in the job market.