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Real Estate Forum on Srilanka

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Q: To expand its global presence, Engineering major Larsen & Toubro is expecting Rs 3000 crore worth infrastructure projects in Sri Lanka.

Latest Answer: As per the company, they have around 17 road projects out of which 6-7 are not profit making. Few years back, everyone went aggressive when they thought that roads sector is a sunrise industry. That time they did not understand there could be barrier in terms of right of way, or work will stop, cost will rise and government will not give extra claims because of which majority projects not going well.
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