CCI launches Build SL Housing & Construction International Expo 2024

The Chamber of Construction Industry (CCI) of Sri Lanka held the launch of Premier Build SL Housing & Construction International Expo 2024, at Hotel Galadari, California Grill, in a fitting event in the evening of November 29, 2023.
The event was participated by the president and council members of the chamber, longstanding exhibitors at the previous Build SL Expo, last year valued sponsors and industry leaders.
The Build SL 2024 expo is due to be held on May 10, 11 and 12, at the BMICH, Sirimavo Bandaranaike Convention Centre.
Plaques of appreciation were presented to all the sponsors of last expo. In addition, pledges of support for the forthcoming expo were made by the sponsors who have already decided by handing over the sponsorship cheques to the CCI president.

Archt. Jayantha Perera in his speech noted the success of the construction industry is a culmination of the successes of its stakeholders. That is the architects, engineers, other related professionals, contractors, producers and suppliers of related products and material needed for the construction of building and other constructions.
CCI CEO/Secretary General Eng. Nissanka N. Wijeratne stated that the Build SL launch is held in a backdrop of rather dull construction performance during last 2½ two-and-a-half years. But the industry is hopeful that there will be positive developments in future.  

In Budget 2024, presented in Parliament, Rs.240.8 billion in local funds and Rs.323.7 billion in foreign funds have been allocated for construction-related projects. But with a budget deficit of Rs.2851 billion and impractical expectation of a revenue target of Rs.4127 billion, which is 45 percent over the 2023 revenue, it is unlikely that the government will be able to meet the above capital expenditure as happened in 2023. 
But the positive signs are the reduction in bank interest rates, low inflation and removing import restrictions. These can result in certain private investments in construction projects.
The event was a rendezvous for industry professionals, practitioners, manufactures and suppliers to meet each other and exchange their view points in the fellowship that followed.