Topic: | Realizing The Transformative Power of The Western Region Development: Opportunities and Challenges |
Date/Time/Venue: | 6.00 PM Tuesday, 20th September 2016, Liberty Ballroom, Ramada 8.30 – 5.30 Wednesday, 21st September 2016 - OAK Room, Cinnamon Grand |
Host: | Lakshaman Bandaranayake | Founding Publisher, Director | Lanka Business Online |
Inquiries: | Lakshaman Bandaranayake | lakshaman@lbo.lk | 071 176 0167 or 072 776 0167 General | 071 466 0060 | summit@lbo.lk |
Registration Fee: | (Pre VAT and NBT) Registration fee per participant for Individual or groups of less than 5 – Rs. 18,100 Registration fee per participant for groups of 5 or more and up to 9 – Rs. 17,150 Registration fee per participant for groups of 10 or more – Rs. 16,250 |


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- Description
- Agenda
- Speakers
- Presentations
- Port City Colombo
- Allianz Insurance
- JAT
- Resources
- Sponsors and Partners
- QA
Description
LBR LBO INFRASTRUCTURE SUMMIT – REALIZING THE TRANSFORMATIVE POWER OF WESTERN REGION URBAN AGGLOMERATION DEVELOPMENT The Western Region Development Project will create a modern urban agglomeration. The challenges in designing and executing an urbanization project of unprecedented scope and scale are many. Some of the areas that would require extensive planning and execution are: 1) Bridging the gap between “vision and action” 2) Rapid deployment of talent, ideas, and capital 3) Facilitating the deployment of cutting edge technology to build smart businesses and smart communities 4) Building institutional infrastructure (policy framework, friction-free inter-agency collaboration, political stability, quality of governance, and social infrastructure) that will induce investor appetite 5) Building and deploying innovative funding models and sources 6) Making the project climate positive 7) Positioning and marketing the country as a high potential investment destination The Summit will aim at creating a discourse that will: 1) Promote Western Region Development and Port City as high potential investment destinations 2) Identify opportunities for businesses in technology, logistics, construction, environmental services, builders of transport systems, power & energy, public services, telecommunication, hospitality, facility management and construction, civil engineering, and other related fields 3) Help to attract leading global and regional business to Sri Lanka 4) Help project management to identify possible pitfalls and barriers that could compromise the quality of execution 5) Provide insights to policy makers THE TRANSFORMATIVE POWER OF WESTERN REGION DEVELOPMENT Multi-generational & multi-dimensional transformative power The government intends to undertake an ambitious development project to convert the districts of Colombo, Gampaha, and Kalutara into an integrated megacity. This will be the largest, most complex, and most capital-intensive development project Sri Lanka has ever embarked upon. This project is unlikely to have peers in the region. It will create a lasting multigenerational and multidimensional effect. The transformative impact will also be felt across the region and the globe. The multi-dimensional transformative power of such a project will positively alter: 1) Physical landscape and built environment 2) Social fabric and livability 3) Business landscape 4) Economy 5) Global standing of Sri Lanka Physical landscape and built environment The most visible aspect of the project will be the transformation of physical landscape and built environment. In addition to creating a world class Central Business District (CBD), the megacity will also form a cluster of satellite cities: airport, science and technology, industrial, logistics, plantation, and forest. Sustainability and citizen centricity will both be key considerations and outcomes in altering the physical landscape and built environment. As such, due consideration needs to be paid to prevent the environmental and social degradation associated with the unplanned and unchecked growth of some of the megacities in the developing world, such as Manila, Sao Paolo, Lagos, Mexico City, Mumbai, and Kolkata. Social fabric and livability Transforming the Western Region into a coherent urban landscape will induce positive changes in the composite demographics of the region, which consists of its wealth, education level, and employment rate. The region will also attract world-class talent, which will provide innovative ideas for economic and social development. The improved physical and soft infrastructure, which will bring together the features of world-class modern cities including sustainable housing, will augment the livability of the region. Business landscape Taking the Western Region to the level of a world-class urban center will make the region one of the most competitive urban centers in Asia. The ease of conducting business will be parallel to those of advanced economies and global financial and business centers. The region will be a magnet to regional and global businesses, which seek environments conducive to business growth defined by the geographic location and the availability of high-quality infrastructure, talent, and facilitating governance and institutional framework. Economic impact A project of such scale and scope will create an intense, rapid, and lasting economic impact, which will reverberate throughout the region. As mentioned earlier, urbanization is the key driver in propelling the nation into the level of a high-income economy. Global standing of Sri Lanka Sri Lanka has been a regional trading hub for millennia. Historical chronicles, going back over 2000 years, reveal the value of the nation in regional trade in ancient times. Creating a modern urban agglomeration will reposition Sri Lanka as a modern nation, which is seamlessly integrated into the global supply chain. It will be a regional and international gateway. MULTI-DISCIPLINARY THOUGHT LEADERS WILL GENERATE INSIGHTFUL DISCOURSE As in the case of “LBR LBO Infrastructure Summit 2015,” international, regional, and local thought leaders will share their expertise, experience, and perspectives. The quality of presentations and panel discussions will be similarly thought provoking and stimulating. The working titles of the proposed sessions are: Day 1: 6.00 PM on 20th September, Liberty Ballroom, Ramada Colombo 1) The transformative power of the Western Region Development Project: Physical landscape, built environment, economy, livability and country reputation Day 2: 8.30 AM to 5.30 PM, OAK ROOM, Cinnamon Grand 2) “Bridging the Gap Between Vision and Action” – governance, political stability, institutional infrastructure, talent, innovative ideas and capital 3) Designing intelligent, viable, and sustainable mobility solutions 4) Housing for cohesive urban communities 5) Making USD 40 Billion Plus funding a reality (Sources of funding, innovating financial tools and promoting Sri Lanka as a prime investment estimation) The likely areas that will be covered in this session are:The transformative power of turning the Western Province into an ultra modern urban center | |
Vision 3035 | |
Making Sri Lanka the next big story in Asia | |
Dimensions of transformation: economic, physical, social and country reputation | |
Leveraging technology | |
Execution: Bridging the Gap Between Vision and Action | |
Friction-free interagency collaboration / Facilitating governance structure | |
Designing intelligent, viable, and sustainable transportation solutions | |
Building an adaptive, demand-driven and service-oriented public transport network | |
Making the master plan a reality | |
Learning from experiences in other megacities (including New York City, Delhi and Hong Kong) | |
Smart mobility solutions | |
Livability, resilience & climate positivity | |
Smart buildings and infrastructure | |
Sustainable habitat | |
Digital empowerment of citizens | |
Making USD 40 Billion Plus funding a reality | |
Positioning and marketing Sri Lanka as an investment destination | |
Improving ease of doing business and facilitating capital flow | |
Innovative funding solutions & International experience |
Agenda
LBR LBO Infrastructure Summit 2016: “Realizing The Transformative Power of The Western Region Development: Opportunities and Challenges” | ||||||
Day 1 | ||||||
1800 - 2130 on the 20th September at Liberty Ballroom, Ramada | ||||||
Opening Ceremony 1800 - 1845 HRS | ||||||
Session Title/ Speeches/Presentations | Resource person / Role | Position | Organization | |||
1800-1815 | Opening Remarks; appreciation of sponsors, national partners, and facilitating organizations | Lakshaman Bandaranayake Summit Curator & Host | Founding Publisher / Director / Conference Curator | LBO | ||
1815-1830 | Chief Guest's Speech | Hon Patali Champika Ranawaka/Chief Guest/ Opening Address | Minster | Ministry of Megapolis and Western Region Development | ||
1830-1845 | Feature Presentation on "Port City Colombo" | Liang Thow Ming | Chief Sales & Marketing Officer | CHEC Port City Colombo (Pvt) Ltd | ||
Opening Session : (Session 1) 1845- 2030 HRS 20th September | ||||||
Speeches/Presentations | Resource person / Role | Position | Organization | |||
The transformative power of the Western Region Development Project: Physical landscape, built environment, economy, livability and country reputation | Nishan Mel PhD / Session Chair | Executive director | Verite research | |||
10 | Emerging global role for Sri Lanka "The New Window of Opportunity" Transforming nation's global standing | Harsha de Silva PhD / Speaker | Hon Deputy Minister | Ministry of Foreign Affairs | ||
10 | Dimensions of transformation | Nayana Mawilmada / Speaker | Head of Investments | Western Region Megapolis Planning Project | ||
10 | Technology: next new frontier for Sri Lanka | Muhunthan Canagey / Speaker | Chief Executive | Information and Communication Technology Agency of Sri Lanka (ICTA) | ||
10 | "New form of urbanization - Impact on business sector" - | Samantha Ranatunga / Speaker | Mananging Director/CEO | CIC Holdings PLC | ||
55 |
Panel discussion |
Jagath Munasinghe PhD / Panelist |
Director General | National Physical Planning Department | ||
Senior Lecturer | University of Moratuwa | |||||
2030 - 2200 HRS Inauguration reception - Courtesy London Stock Exchange Group | ||||||
Day 2 | ||||||
0830 - 1745 on the 21st September at OAK ROOM, Cinnamon Grand | ||||||
0830-0845 Openning remarks, sposnor and partner appreciation | ||||||
Session 2 : 0845 -1045 HRS, 21st September | ||||||
Session Title/ Speeches/Presentations | Resource person / Role | Position | Organization | |||
“Bridging the Gap Between Vision and Action” – governance, institutional framework, talent, innovative ideas and technology. | Thilan Wijesinghe / Session Chair | Founder, Chairman | TWCorp | |||
0845 - 1045 |
10 | Executing to Win – a vision for managing greenfield infrastructure life cycle & inclusive development | Kumudu Gunasekera PhD / Speaker | Director | Stax Inc | |
10 | What makes large scale infrastructure development a success | Sumedha Rathnayake / Speaker | Director General | Urban Development Authority of Sri Lanka | ||
10 | Friction-free interagency collaboration | Damitha Kumarasinghe / Speaker | Director General | Public Utility Commissioner of Sri Lanka | ||
10 | Facilitating governance structure | Harsha Fernando / Speaker | Lawyer, Consultant and Lecturer | Seachange Partners, Singapore | ||
10 | Digital transformation | Brian Kealey / Speaker | Country Manager / Managing Director | Microsoft Sri Lanka | ||
10 | Acquisition of world class talent & innovative ideas | Dinusha Panditaratne JSD / Speaker | Executive Director | Lakshman Kadirgamar Institute of International Relations and Strategic Studies | ||
Ajay Singh / Panelist | Senior Management Positions in design and managing mass transit systems | New York City Transit Authority & Various institutions | ||||
Nayana Mawilmada / Panelist | Head of Investments | Western Region Megapolis Planning Project | ||||
55 | Panel discussion | |||||
1045 - 1100 | 15 | Tea / Coffee | ||||
Session 3 : 1100 - 1300 HRS 21st September | ||||||
Session Title/ Speeches/Presentations | Resource person / Role | Position | Organization | |||
Building an adaptive, demand-supply optimized and service-oriented public transport network |
Gayani de Alwis / Session Chair |
Management Consultant | ||||
Visiting lecturer | Postgraduate Institute of Management & University of Moratuwa | |||||
Chairperson | Women in Logistics & Transport (WiLAT) | |||||
1100-1300 |
10 |
Evaluating Transport Infrastructure Investment Risks |
Amal S. Kumarage PhD / Speaker |
Senior Professor Dept Transport & Logistics Management | Faculty of Engineering, University of Moratuwa | |
Honorary Professor | University of Wollongong, Australia | |||||
15 |
Designing intelligent, viable, and sustainable mobility solutions |
Dorothy Chan PhD / Speaker |
Head of Centre for Logistics & Transport | School of Professional and Continuing Education, University of Hong Kong | ||
International President | Chartered Institute of Logistics and Transport 2013-14 | |||||
Former Deputy Commissioner for Transport | Hong Kong | |||||
15 | Customer centric transportation - Learning from international experiences | Ajay Singh / Speaker | Senior Management Positions in design and managing mass transit systems | New York City Transit Authority & Various institutions | ||
10 |
Western Region Transportation Master Plan |
Dimantha de Silva PhD / Speaker |
Senior Lecturer | Department of Civil Engineering, University of Moratuwa | ||
Consultant | Western Region Megapolis Planning project | |||||
10 | Highways Master Plan | Namalie Siyambalapitiya / Speaker | Director/Planning | Road Development Authority of Sri Lanka | ||
Private sector perspectives | Ruwan Waidyaratne / Panelist | Managing Director | Hayleys Advantis | |||
Rail systems provider perspectives | Kentatsu Ito / Panelist | International Marketing | Hitachi Railway Systems | |||
55 | Panel discussion | |||||
1300-1345 | 50 | Lunch | ||||
Session 4 : 1345 - 1545 HRS 21st September | ||||||
Session | Resource person / Role | Position | Organization | |||
Housing for cohesive urban communities | Helani Galpaya / Session Chair | Chief Executive | LIRNEasia | |||
1345 - 1530 |
10 | ‘Future of Urbanisation in SL and inclusive housing in megapolis’ | Shankar Arumugham MRICS / Speaker | National Director & Head of Operations - Strategic Consulting/Urban Solutions | JLL India & Sri Lanka | |
10 | Megapolis strategy to address housing challenge | Nayana Mawilmada / Speaker | Head of Investments | Western Region Megapolis Planning Project | ||
10 | Capitalizing the People's Housing Process | Lalith Lankatilleke / Speaker | Senior Advisor | UN-HABITAT | ||
10 | Improving equitable access to housing in Colombo port City | Nihal Fernando / Speaker | Additional Director General/ Project Director (Port City) | Urban Development Authority of Sri Lanka | ||
10 | Ensuring equitable access to housing through public-centered market based mechanism | Senerath Bandara / Panelist | Deputy General Manager - Finance | Ocean View Development Company (Pvt) Limited | ||
Private sector experience and perspectives on improving equitable access to housing | Shivanka De Zoysa / Panelist | Management Consultant | ||||
Technology solutions for smart housing | Jeremy Huxtable | Group Chief Officer | Dialog Enterprise | |||
55 | Panel discussion | |||||
1530 - 1545 | 15 | Tea / Coffee | ||||
Session : 1545 - 1745 HRS 21st September | ||||||
Session | Resource person / Role | Position | Organization | |||
Making USD 40 Billion Plus funding a reality (Sources of funding, innovating financial tools and promoting Sri Lanka as a prime investment destination) | Kumudu Gunasekera PhD / Session Chair | Director | Stax Inc | |||
1545 - 1745 |
10 | Marketing Sri Lanka as a prime investment destination | Anupam Yog / Speaker | Strategy Director | The Partners/WPP, Singapore | |
10 | Improving ease of doing business and facilitating capital flow | Anarkali Moonesinghe/ Speaker | CEO Sri Lanka | CMIB Bank | ||
10 | Innovative funding solutions & International experience | Kamal Dorabawila / Speaker | Principal Investment Officer | IFC, World Bank Group | ||
10 | Country Risk - facing the reality of credit worthiness | Jim McCabe / Speaker | Chief Executive Officer | Standard Chartered Bank Sri Lanka | ||
10 | PPP & innovative business models | Thilan Wijesinghe / Speaker | Founder, Chairman | TWCorp | ||
10 | Managing risks in large scale infrastructure development | Gordon Lee / Speaker | Risk Consultant | Allianz Insurance Global Corporate, Hong Kong | ||
Investor perspectives | Rohan Paulus / Panelist | Head of Project Management | London Stock Exchange Group | |||
International marketing perspectives | Liang Thow Ming / Panelist | Chief Sales & Marketing Officer | CHEC Port City Colombo (Pvt) Ltd | |||
55 | Panel discussion | |||||
1745 - 1755 | 10 | Summit Curator Overview | Lakshaman Bandaranayake Summit Curator & Host | Founding Publisher / Director | LBO | |
1755 - 1900 | 80 | Networking Reception |
Speakers



































Presentations
Port City Colombo



Allianz Insurance
ALLIANZ INSURANCE LANKA LIMITED About the Company Allianz Insurance Lanka Ltd., is a fully- owned subsidiary of international financial services conglomerate Allianz SE, headquartered in Munich, Germany. The Allianz Group counts 125 years’ experience in catering to the changing needs of communities in 70 plus countries on all continents, and is world leader in credit insurance, Europe’s largest insurer by way of market capitalisation and among the world’s Top Ten insurance companies in terms of revenue,. The Group has one of the world’s strongest solvency ratios and best credit ratings among international insurers. The range of innovative products and services Allianz provides protect the homes, possessions and businesses of over 85 million customers worldwide, and ensure they continue with an uninterrupted lifestyle even when incurring losses on the items insured. The global strength and solid capitalisation of the Allianz Group, coupled with local expertise and business know-how, have been Allianz Insurance Lanka’s powerful formula for success. Allianz Insurance Lanka has been the fastest growing insurer in Sri Lanka since its inception in 2005 as a Greenfield operation, due to a careful strategy of sustainable growth centred on an exceptional customer service experience. The Company’s robust growth performance over the years is confirmed by Insurance Board of Sri Lanka (IBSL) statistics, which state that the Compound Average Growth rate (CAGR) for Allianz Lanka during this 10 year period is four times higher (47%) than the industry CAGR (12%). This growth has been purely organic. Allianz Insurance Lanka draws on the expertise of its parent company to evaluate the risk profiles and meet the individualised needs of its extensive base of corporate and retail customers. The Company caters to all types of risk, and continues to introduce new areas of protection to meet contemporary market requirements. This high capacity to underwrite risk, coupled with the technical- know, equips Allianz Insurance Lanka to respond to customers with world class products and services that have set industry benchmarks in Sri Lanka. High value insurance Allianz insures many of the world’s largest and architecturally significant structures. In Sri Lanka, Allianz Insurance Lanka insures a wide range of high- value infrastructure projects and buildings. The Company has developed high-performance solutions for the most complex and demanding risks, with an approach based on highly specialised engineering and construction expertise backed by the underwriting excellence of the Allianz Group. Engineering risks vary with industries and construction projects, so this specialist construction sector requires long-term partnerships and worldwide expertise for insuring premium projects. Allianz Insurance Lanka provides this expertise to many high-profile heavy civil engineering projects which include Altair Apartments, One Colombo, Colombo City Centre, Shangrila Hotel, Hambantota, the Southern Expressway, the 3 Flyovers Construction Project in Rajagiriya, Arugambay bridge, oil exploration projects in Mannar and Trincomalee, the 10 megawatte Solar PV Power Plant in Hambantota, water supply projects in Monaragala/ Buttala, Labugama/ Kalatuwawa and Kilinochchi, Jaffna, in addition to numerous other building, wind power and road construction projects, as well as electricity transmission Infrastructure capacity enhancement projects. The Company also insures many construction projects in the Maldives which include the Laguna beach resort construction project, the J- Resort hotel construction project, Reethi Faru Resort construction, and the Nawaloka hotel construction project. Another area of specialty provided is commercial property insurance, available for the simplest structure and the most complex high rise. Allianz Lanka provides exceptionalrisk surveys that review exposure risk from natural as well as human catastrophes, and insures many of the local and multinational companies. These include the John Keells Holdings group, the Hayleys Group, as well as numerous apparel and fabric manufacturing companies. Hotels and apartment insured include the Kingsbury, Chaya Resorts, Taj, Hunasfalls. Condominium complexes insured include Monarch Apartments Iconic Residencies, Empire Residencies, Iceland Residencies, Ltd., Crescat Residencies. Several luxury islands including the Velaa Private Island, Cheval Blanc and Randheli in The Maldives are also insured by Allianz Insurance Lanka. An exceptional service experience Allianz is in the business of providing a premier service to customers by delivering on its promise to be with them in their hour of need. With this in mind, Allianz Insurance Lanka constantly raises the bar of service excellence and has effected, and is in the process of introducing, many service enhancements that assure speedy response to customer needs. Some innovative services that increase customer convenience include self-care and self-service portals and apps for claim intimations and ascertaining claims progress, as well as e-quotations and e claims management systems for specific products. Some of the major infrastructure projects and buildings in Sri Lanka insured by Allianz Lanka
JAT
JAT Holdings (Pvt) Ltd JAT Holdings (Pvt) Ltd., ventured into the corporate world in the year 1993, with the primary objective of providing state of the art, innovative and cutting edge solutions to uplift the standards of the furniture and finishing industry. Since its inception, the company has consistently brought to life, its vision of facilitating total timber solutions for a wide spectrum of corporate and individual needs. Consequent to successfully establishing ourselves in the timber coating market as a force to be reckoned with, we extended our product offering to include a more comprehensive range of products to satisfy the requirements of our expanding local and international clientele. JAT has successfully ventured beyond borders, shattering paradigms and defying convention while always evolving and spearheading innovation with goals. Our current Product Portfolio includes Decorative Domestic and Industrial Emulsion, Exterior Wall and Enamel Paints, Maintainers, Putties and Plasters, Mineral Fiber or Steel Ceilings, Timber Flooring and Decking, Office Seating and Desking, Carpeting, Abrasives and Paint Brushes. Our success is owed at large to an array of supporting factors that comprise of ensuring a high quality, diverse and comprehensive range of products, a vibrant and experienced sales team as well as an excellent technical support service team. Our corporate culture is one that provides JAT’s valued internal stakeholders with opportunities to execute their goals with responsibility, integrity and creativity, while evolving as individuals and team members, developing their careers and working with passion and purpose to ensure that our business thrives. As JAT expands globally - signing agreements with renowned corporate entities in the region - we envision to etch a success story that will shape into a true legacy. For more info visit http://www.jatholdings.com/ Order our products online http://www.jatholdings.online/ CONTACT DETAILS JAT HOLDINGS (PVT) LTD, NO: 351, PANNIPITIYA ROAD, THALAWATHUGODA, SRI LANKA. PHONE : 011 4407700 FAX : +94 11 – 2773793 EMAIL : info@jatholdings.com



Resources
POSITIONING BRAND INDIA by Anupam Yog Over 2003-06, Brand India was positioned & marketed as the world’s fastest growing free market democracy. As the author of this positioning, I was hunting for an insight that would enable me to develop an idea that could serve as glue, both for driving alignment with disparate internal stakeholder groups across the private & public sectors, but also as a foundation for outward communication. More Details: http://www.the-partners.com/blog/2016/9/8/positioning-brand-india Master Plan (For a complete outline of the vision, goals, strategies, and initiatives of the Megapolis Masterplan)


QA
Ajay SinghHow does NYC benefit from private bus networks such as "mega bus" in the U.S? Mega Bus is a great example of Disruptive pricing. The average ticket cost on the Rail is 80 dollars from NY to Washington DC whereas the price on Megabus is 20 to 40 dollars and the travel time is similar plus it is also from CBD to CBD. So it is a win for Mass Transit and it also forces the competing modes of travel to match the service both in terms of quality and price. So coming back to your question " What's in it for NYC" In my presentation I had focussed on the " Customer" and Megabus is catering to the needs of the customer safe secure and efficient mode with greatly reduced carbon footprint. Ajay, can you comment on the sequencing of BRT and LRT, jump ahead to LRT? Or start with BRT? Shld an underground system preceed LRT? Ajay, can you comment on the sequencing of BRT and LRT, jump ahead to LRT? Or start with BRT? The Planning team based on the needs of the city in the horizon year have decided to go with an LRT system with its own Right of way instead of the BRT( which also would need its own Right of Way but will have a reduced throughput) Regarding going underground it is a cost issue so i would suggest in order to maintain Colombo's beautiful skyline in certain areas we should go underground and also look at grade protected right of way solutions also. it will be tough but worth the effort!! Ajay you have experience in both bus and rail. What r the demerits of these modes. Do you agree/ disagree LRT is better option than BRT ? LRT has a higher First Cost, lower operating costs and can move a much larger volume of passengers per hour than a Bus based Mass Transit system. A BRT system can act as a feeder system to the LRT system Dr Dorothy Chan
When we speak about public transport: The private bus cluster is extremely unprofessional, treats passengers extremely badly, do not respect law, road rules and order of the country. These clusters needs to be looked at seriously. What are the plans made to solve these burning issues when you discuss of increased quality of life a better western province a country to live in? Improving public transport is the key to controlling traffic congestion. With the rapid economic growth experienced in the western region, Government must act fast to re-organize small private bus operators into sizeable and professional operation. Chinese cities have done this. Some cities used to have 50 bus operators and they were grouped by government action to 5 companies. A single bus company for Colombo would be too big and if there is no competition, there should not be checks and balances. Wouldn't it be better for us to look at a franchise based Bus transport system which would help in managing and improving the quality and service of bus transport in Sri Lanka as opposed to the private bus system we have today Related to improving public transport services is to find the right structure and organization to conduct bus services. In Hong Kong, bus companies are offered franchises through tenders. Bus franchises are valid for 10 years and renewable every 5 years provided the companies can provide proper and efficient service. The franchise requires the franchisee to produce 2 year plans on how they would improve bus services, acquiring new buses and building bus depots. Government is responsible for the basic infrastructure such as bus terminals and bus stops. The idea of bus franchising is that the operator will take responsibility in providing profitable and un-profitable routes. Bus franchised in Hong Kong receive no government subsidy. If subsidy is needed, then Government can revert to bus contracts in which the bus operator provides services at a fee with buses and depots provided by Government. Alternatively, the bus operator can be asked to provide the bus fleet but the contract fee would be higher. However, all bus revenue goes to government. Is investing in a underground system for Colombo and other cities a good solution using the R & P model as mentioned by Dr Chan? The Hong Kong R + P model will definitely help in the financing of rail construction which is very costly. With population over 3 million, the city would justify to have a rail network. HK government set up a MTR Corporation to build the MTR system and therefore initial funding comes from government but the property development model helps to finance a substantial proportion of the cost because land and property prices in Hong Kong are high. Tuktuks are unfortunately now an integral part of our transport system but is also a menace. Should our future urban transport strategy eliminate the use of tuktuks? Tuktuks, which are three-wheelers vehicles, provide a convenient transport mode. However, there are various draw backs and would not be suitable for Colombo for the long term development. The main draw backs are:
- small capacity and occupies a lot of road space;
- small vehicles cannot be used on expressways;
- it could be a hazard when travelling amidst heavy traffic;
- there is little protection for passengers.
Ruwan what is GOSL doing to make single window and e-commerce happen? The Government of Sri Lanka (GOSL) is heavily investing in developing the infrastructure for a digital economy. Under the digitalization plan, GOSL is taking measures to fulfil the need for enhanced connectivity amongst all regulatory and government bodies in Sri Lanka. The launch of the Customs Single Window System on 4th January 2016, by the Finance Minister is a significant move towards fulfilling efficient trade facilitation measures as well as integrating the private and public sectors by providing a single platform. This move is in line with the international regulations of the World Trade Organization and the World Customs Organization and will enable Sri Lanka Customs to connect all the border regulatory agencies responsible for issuing licenses, approvals, certificates, recommendations, tax waivers and exemptions to the Core Customs Software Application, namely ‘ASYCUDA World’. However in comparison to countries like Singapore, Sri Lanka still has a long way to go. Singapore is considered to be having a proven single window system that integrates all government authorities such as customs and port related services, health department, agriculture authorities, tax authorities and banks, etc. under one platform. Hopefully, with all this innovation, the GOSL would be successful in emulating Singapore which has reached the pinnacle of international trade much due to similar yet far more sophisticated systems. In line with its digitalization vision, GOSL also intends on regulating businesses operating under the e-commerce sector. This is with the objective of bringing all the e-commerce businesses to operate under the accounts of local banks which will enable more control. The Government is also encouraging and supporting "Start-up" companies with flexible foreign exchange laws under the Exchange Control Act ensuring the ease of exchange and a more fluid business process. All the aforesaid measures will result in the stimulation of small businesses as well as further strengthening existing businesses.