Region

CPCS signs contract to support Government of Sri Lanka in implementation of PPP transaction for major LRT project

 CPCS Principal Consultant Raj Fernando poses with the signed contract along with Secretary of Ministry of Megapolis and Western Development, Government of Sri Lanka, and his team.

 

​CPCS is pleased to announce the signing of a new contract on Thursday, March 7 to provide transaction advisory services to the Ministry of Megapolis and Western Development (MMWD) to support the Government's process of developing a Light Rail Transit (LRT) network in western Colombo.

In 2016, MMWD prepared a comprehensive Transport Master Plan which aimed, in part, at developing solutions for improving the public transport network of the Western Region of Colombo, a fast-growing area surrounding Colombo.  An LRT network comprising three lines totalling about 84 km is envisaged as a major component of this transport improvement initiative. This LRT network will connect several key areas of the Western Region with the heart of the capital city of Colombo. The Government intends to implement the LRT project as a PPP using a Build-Own-Operate-Transfer (BOOT) project delivery model.

CPCS will support the Ministry to successfully implement the PPP procurement process. This includes advising on the bidding process through to proposal submission, evaluation of proposals, negotiations with preferred bidder(s) and execution of the PPP agreements to implement this LRT project. 

For the implementation of this assignment, we will leverage our strong experience in managing and successfully closing urban transit and transport PPP projects worldwide. The CPCS team is being led by Mr. Elan Cusiac Barr, Global Director of PPP Unit at CPCS, Mr. Raj Fernando, Principal Consultant based in Colombo, and supported by a strong team of key experts from CPCS and our partners.

Map of Proposed Western Region Light Rail Transit (LRT) Project