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Sri Lanka to set up US$ 50 Mn Ocean University: Rishad

Sri Lanka’s state run Technical, Vocational Education Training (TVET) sector, is now poised to receive its largest project funding in its history.

Once agreements are finalised, a US$ 50 million facility is set to spawn a fully-fledged Ocean University in Sri Lanka.

Also nine new hi-tech training facilities across the country, modelled on the lines of the ground-breaking and ultra-modern South Korean backed KTEC Training Centre unveiled in Orugodawatte recently .

Nine more new centres will be established similar to recently launched Korea-Sri Lanka National Vocational Training Institute in Orgodawatte with South Korean funding.

This was stated by Minister of Industry, Commerce Rishad Bathiudeen in Gampaha in the presence of State Minister Buddhika Pathirana, former President Chandrika Kumaratunge, Minister of Skills Development and Vocational Training Karunaratne Paranavithana, Minister of Transport Arjuna Ranatunga, and South Korean Ambassador in Sri Lanka Heon Lee.

The GTC, launched exactly 20 years ago, has been modernised by a US $4.5 Mn South Korean loan funding which is part of the second phase of the two stage US $26 Mn project (the first stage was the Korea-Sri Lanka National Vocational Training Institute launched on 21 August in Orugodawatte).

A fully-fledged Ocean University will be built at a cost of US $ 50 Mn and the construction work will begin in the coming weeks.

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