📈 Rs. 2.5 Billion Public-Private Initiative to Restore Beira Lake Launched

HSBC Sri Lanka, in partnership with the Western Province Governor’s office, has launched "Clean Waterways," a landmark Rs. 2.5 billion project to rehabilitate Colombo’s iconic Beira Lake over three years. • Project Scope & Funding The initiative is a first-of-its-kind public-private partnership (PPP) between HSBC, the Beira Lake Restoration Task Force, Clean Ocean Force, and the Sri Lanka Land Development Corporation. The Rs. 2.5 billion plan focuses on restoring ecological health to support tourism and urban recreation. • Technological & Operational Highlights Solar-Powered Cleaning: Deployment of two large solar-powered, battery-operated boats capable of removing 3,000 kg of floating waste daily. Water Treatment: Installation of water fountains and aerators to boost oxygen levels and revive aquatic life. Dredging: Sediment removal is scheduled to commence within the next three months. • Infrastructure & Enforcement Sewage Management: Authorities confirmed 192 illegal discharge points were identified. A critical leak near Cinnamon Life has been repaired; two others are under remediation. Stricter Monitoring: Western Province Governor Hanif Yoosuf announced a crackdown on polluters via the environmental police. • Strategic Impact This restoration is vital for Colombo's real estate and leisure sectors. HSBC will leverage technical expertise from its Hong Kong waterway projects to ensure the lake eventually meets safety standards for swimming and water sports.