UK Companies Show Increase Interest In Sri Lanka

UK’s Exports Credit Guarantee Department (ECGD)’s Country Risk Analyst Olwen Renowden said that British companies have shown interest to do business in capital goods and infrastructure in Sri Lanka considering the opportunities the country has after the dawn of peace, according to a statement on the Sri Lanka’s government website

Addressing a media briefing Wednesday, Renowden said that growth prospects are good and there is opportunity to develop infrastructure in Sri Lanka, according to the statement.

ECGD has also increased its level of cover available for Sri Lanka, from 150 million pounds to 200 million pounds. This is a result of peace dividends and increased interest by UK companies operating in Sri Lanka, the statement said, adding that current projects under consideration for the ECGD support include a water supply project, flood protection projects, slope stabilization measures and more bridges.