The Government has announced plans to invest between US$8 billion and US$10 billion over the next three years to strengthen Sri Lanka’s transport infrastructure, with a focus on enhancing connectivity and trade.
As part of this initiative, international private companies will soon be invited to operate one of the country’s international airports, signalling a shift towards greater private sector participation in key infrastructure.
Transport, Highways and Urban Development Minister Bimal Rathnayake, speaking at the International Transport and Logistics Forum in St. Petersburg, reaffirmed Sri Lanka’s openness to partnerships with countries that respect its sovereignty and mutual reputation.
“We are open to working with friendly nations that respect sovereignty and recognise the reputation of other countries,” the Minister said.
He revealed that plans are also underway to establish two new ports, further strengthening Sri Lanka’s position as a regional logistics hub.
Highlighting the country’s strategic ambitions, Rathnayake expressed Sri Lanka’s readiness to integrate into the Eurasian Transport Framework, noting that developing nations stand to benefit significantly from improved connectivity and trade links.
He underscored Sri Lanka’s historic role as a global connector, stating, “We have been a connecting point for two to three millennia, and connectivity is in our DNA.”
The Minister also pointed to growing cooperation between Sri Lanka and Russia despite geographical distance, expressing interest in expanding maritime links, including potential routes via Vladivostok.
In addition, the Government has requested Russia to operate year-round flights between the two countries, citing strong growth potential in tourism and trade.
Rathnayake further stated that Sri Lanka has achieved a level of economic and social stability, while maintaining friendly relations with all nations. He emphasised that the country aims to position itself as a point of global convergence rather than a stage for geopolitical rivalry, engaging constructively with major powers including China, Russia, Europe, and India.