Financial Times

BOI-approved ‘Knowledge City’ at Gampaha

The Public-Private Partnership Unit of the Board of Investment of Sri Lanka (BOI) recently arranged an interactive meeting on September 30 on the ‘Knowledge City’ at Henegama in Gampaha.
It was arranged with the representatives of the education sector, construction sector and financial institutions with Ms. Pauline Matthias, Executive Director (Finance) & Head of the PPP Unit of the BOI making a presentation.

The proposed Knowledge City at Henegama will be developed on public private partnership basis where the development of the infrastructure will be carried out by a selected developer on Design, Finance, Built and Operate Basis (DFBO basis). It is proposed that international and local educational institutes will locate their facilities at this city thereby catering to the tertiary education in Sri Lanka. Statistics reveal that there is a huge scope for commercial run educational institutes who can award foreign degrees with the affiliation of recognized foreign universities. It is also expected that this ‘Knowledge City’ will attract foreign students from abroad, such as Maldives and India, the BOI said in a statement .

The location selected is a 122-acre land plot belonging to the BOI situated 33 km from Colombo and having access through the Kandy-Balummahara Junction. The estimated investment is around US$ 75 million. The self-contained city will have common library facilities, sports grounds, gym, health care facilities, food courts, hostels, supermarkets and residential units.

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