7 p.c. growth projected, unemployment to drop
The Government expects a 7% GDP growth this year with fast-track
development projects being launched, Secretary to the Treasury
Sri Lanka, despite the tsunami devastation which destroyed certain
economic nerve centres recorded a 6.2% GDP in 2005.
The work on the Norochcholai power plant commenced last week and the
construction of the Colombo- Katunayake highway will commence next week.
The Chinese government has already agreed to fund the highway project.
The business sector and economists by and large have hailed the steps
taken by the government to develop the economy by launching massive
projects that would generate income and employment. In addition, the
Kandy -Katunayake road has also been finalised and Malaysia will fund
The 'Mahinda Chinthanaya'envisages more projects and as a result of
this development drive. Employment opportunities would be created to
address the country's unemployment problem.