Number of those projects are now already going on and it takes few years to complete with the feasibility studies as instant projects will never gain the sustainable results for the country or people. On the other hand the investors do not agree to invest on projects which do not have formal and viable reports of their feasibility studies.
At present having investments for the development projects with the involvement of the government has became an issue as it has already passed the credit limits. Because of that now we are targeting the private investors and the profits generating by our affiliated institutions during the completion of the development projects which have been identified as essential for the country's future.
At present all institutions affiliated under the Ministry of Megapolis and Western Development have already uplifted as profitable ventures. Now they are not depending on the treasury or the public taxes and all of them developed during the period of last two years. This is another step made forward in the mission which we have done in the Power and Energy Ministry and Science, Technology and Research Ministry.
We have already planned number of projects to launch in this year too. Accordingly we hope to launch 07 new Light Rail Transits (LRT) and water transport system while using the water resources with the aim of develop the country's transport system. We are also planning to develop the multiple transport centres while improving their facilities and build new tunnel systems and manholes with the aim of control floods.
The Megapolis Ministry is planning to launch "Sukitha Purawara" program in 2017. Logistic City, Commercial City, Administrative City, Techno City and Strategic city We have already launched 70 development projects in Colombo, Gampaha, Kalutara and Gampaha under the program of "Sukhitha Purawara" and its second phase will be launched in this year along with the the funds value around Rs 2750 million. Plans are underway to commence third and fourth phases of Sethsiripaya and establish 113 state institutions in Battaramulla while making it the administrative city.
In addition to Colombo, Kandy, Galle, Anuradhapura and Jaffna cities are also making a vital contribution to the country's economy and we have planned to launch number of development projects in those cities at a cost of Rs 3,185 million.
In additiona to that we hope to launch another three new city projects in Kirimandala Mawatha, Ragama and Rathmalana and six housing scheme projects for all proffessionals.
Ministry of Megapolis and Western Development