Rs. 38.2 billion worth investments will be made from eleven private sector projects this year which will contribute towards the 5% economic growth as recently forecasted by the Central Bank, Board of Investment Chairman Thilan Wijesinghe told yesterday to the Daily News.

     He further said that the single largest investment would come from SriLannkan Airlines and Sri Lanka Telecom, with the invest of over Rs. 10 billion in expansion projects. Sri Lankan Airlines expansion programs include modernisation of its aircraft while the Sri Lanka Telecom expansion include the increase of number of exchanges.

     The other nine projects presently under implementation are expected to boost private sector capital information. Among these investors who would invest during this year would be : South Asia gateway Terminals (SAGT) on the Queen Elizabeth Quay , AES (On the Kelanitissa power project), Colombo Power Ltd, Linea Intimo-garments, Wan Guo-a 34 storeyed apartment complex at Colpetty, Hatton National Bank - 26 storey highrise, Cement projects, TSG Lanka - a payphone project and Apollo Hospitals. The total investment amounts to Rs. 53.1 billion.

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