Access Engineering optimistic about SL’s construction sector recovery

Access Engineering PLC has expressed optimism about the construction sector’s medium-term recovery, anticipating a boost from the restart of halted development projects. 

The company pointed out that significant national progress and the expected completion of Sri Lanka’s debt restructuring process are key drivers for a stronger, sustained recovery over the next 12 to 18 months.
“In alignment with this positive national trajectory, the Group is poised to deliver exceptional results and create substantial value for our stakeholders, especially our shareholders,”said Access Engineering Chairman Sumal Perera in the entity’s latest annual report.

The entity also foresee the property sector playing a bigger role in the Group’s future success with the rapid progress of Marina Square in particular set to significantly boost the performance of the property sector. 
The newly launched warehousing and logistics companies, together with both Access Tower I & II, is expected to drive financial performance and enhance the Group’s long-term growth and profitability. 

Access Engineering Group said it will look forward to strengthening its presence and footprint in the warehousing and logistics sector. As part of its medium-term plan to future-proof our operations, it will also explore new and emerging opportunities, particularly in the renewable energy sector, which is expected to transform the Group’s growth trajectory.

Access Engineering said it will continue to actively engage with private sector investments, focusing on mobilising funds towards sectors with substantial growth potential and promising return, including port operations, logistics, and renewable energy. 

In the medium term, it anticipates foreign-funded infrastructure projects to commence in Sri Lanka as the debt restructuring process reaches a firmer ground. 

At the same time, It said it hopes the lessons learned from the past will also encourage the government to explore alternative funding mechanisms, such as Build-Operate-Transfer (BOT), Design-Build-Finance-OperateTransfer (DBFOT), and Public-Private Partnerships (PPP), as a means of advancing crucial infrastructure projects across various sectors.