Sri Lanka, Aug. 28 -- The government is looking to revitalize the construction sector and make it a catalyst for future growth. The upcoming interim budget will settle all government dues to the construction industry.

Four major cities Hambantota, Trincomalee, Jaffna, and Colombo shall be developed as major cities along with 9 economic corridors. All major cities will have port and airport access. Over Rs 150 billion a year shall be allocated for water distribution projects.

Impetus shall be given to select local contractors for projects that are locally financed. Foreign financed projects shall be incentivized to subcontract with local players in the industry.

There are plans to reclaim land from the ocean in between the Galle Face Ho...