📈 Rs. 3.38 Bn UoVT Ratmalana Project Revived

The Sri Lankan Government has approved the revival of a stalled Rs. 3.38 billion infrastructure project at the University of Vocational Technology (UoVT) in Ratmalana to strengthen national vocational education and student welfare. • Project Overview & Features: - Total Cost: Revised estimate of Rs. 3.38 Bn. - Facilities: Includes a hostel for 600 students, modern engineering workshops, and a 300-seat auditorium. - Implementation: Scheduled under the 2027–2029 medium-term budget framework. • Background & Context: - Originally approved in January 2017, the project faced delays due to procurement issues and planning changes. - Suspended in 2022 under capital expenditure cuts during the economic crisis. - Revived via a Cabinet proposal by the Prime Minister in her capacity as Minister of Education, Higher Education, and Vocational Education to address critical facility shortages.