Sale of investment SRI LANKA Universities project
Invite of EDUCATION PROJECT world class Universities investment in SRI LANKA
PROJECT PROFILE – To Establish World Class Universities and

Knowledge Cities

Sector Higher Education Sector

Geographical Location • Achchuveli Jaffna (15 acres)

• Puttalam - Kalladi – state own land (250 acres )

• Matara - Godagama – LRC land approx.(340 acres )

• Kandy - Hantana Estate - JEDB land approx (75 acres)

• Mulathivu - Oddusudan – state land approx (100 acres)

• Deniyaya - Sellakanda Watte, Viharahena – LRC land appox 200 acres

Hambantota

Responsible Agent(s) Ministry of Higher Education and the Board of Investment of Sri Lanka

Project Description &

Rationale / Objectives

To establish 05 world class Universities and 02 Knowledge Cities;

• To attract (10,000) foreign students, (500) foreign Professors and

Researchers to Sri Lanka.

• To minimize the outflow of the Sri Lankan students going abroad.

(estimated 10,000 leave seeking higher education annually)

• Approx. 250,000 are qualified to enter universities in Sri Lanka annually,

out of which only 25,000 are allocated seats in the state universities and

the balance of 25,000 go into technical colleges.

• An estimated 75,000 are enrolled in the non-state sector higher education

institutes.

Project Size US$ 25 Mn. and above of inward remittance for investment purpose

Proposed Procurement

Process

Proposals accepted

Planned Start Date Projects can be initiated immediately, by identifying a suitable land from

among the lands listed above under item Geographic Locations

Project Documentation Preliminary expression of interest and a comprehensive project proposal.

Current Status 02 International Universities have already been approved to be established in

Sri Lanka, and several International Universities are having serious

negotiations with the relevant authorities.

Existing Policy, Institutional

Frame Work and concessions

to be offered

a. Applicable Tax Concessions shall be granted by the Board of Investment

of Sri Lanka (BOI).

b. Duty free facilities can be given for the importation of equipment,

Building Materials etc.. under the BOI Incentives

c. The BOI would facilitate obtaining clearances for the Project from the

Ministry of High Education and for the Course Curriculum