B.  Key issues in PPPs that were identified (PPP Readiness)

In terms of readiness, Sri Lanka's position can be termed as weak/average. The reasons being:

•  Policy and Legal framework is not in place.

•  Awareness among policy makers is poor.

•  Procurement Guidelines is in place but needs revision.

•  The Development Plans of the Government does not recognize PPP as a means of Infrastructure Development or Project Development.

•  Availability of Project Development Funds are scarce or does not exist.

•  Experienced Transaction Specialists are not available.