BOI in three IT related projects

The Board of Investment (BOI) has given the greenlight to Ernst & Young, India to do a concept paper for three Public Private Partnership IT-related projects (PPPs) which will be announced next month.

“Ernst & Young will do the concept paper for the projects, evaluate and launch them and we will announce it so that any interested investor can come forth and invest,” Dhammika Perera, Chairman, BOI told The Sunday Times FT.

He said the three PPPs involve an IT park opposite the airport in a 20 acre land where a two million square foot building will come up. “A 126 acre land in Biyagama will also house an IT university where the intake is 1000 students per year. We have instructed that 200 scholarships should be granted to the state,” Perera said.

He said that a concept paper for a two million square foot IT park adjoining the Malabe Campus is also being done by the Indian company. “We will inform by next month the investment procedures and we expect investment interest from the whole world,” he added.