Biller, DanNabi, Ijaz2013-09-252013-09-252013-06-03978-0-8213-9927-910.1596/978-0-8213-9927-9https://hdl.handle.net/10986/15810The report starts with an overview and introduces the main findings. It addresses major constraints, instruments, and outcomes important to unleash the potential of infrastructure investments and policy fine-tuning. Chapter one discusses the infrastructure and growth nexus, given the country's macroeconomic scenario. It examines the long-term sustainability, particularly considering the Mahinda Chintana's high infrastructure investment targets, and how the country can achieve its high economic growth targets, given its historical and current investment levels. Chapter two argues that the two principal drivers of sustained high economic growth and productive employment are: (a) international competitiveness that results in export-led growth; and (b) urbanization that facilitates productive economic activity. Chapter three reviews key infrastructure sectors to identify the regulatory issues that need to be addressed and estimate the needed investment. Redressing infrastructure constraints, however, cannot be piecemeal and product specific. Instead, a sector-wide approach is needed. In light of the large investment requirement and high public debt and deficit, chapter four discusses the potential of public-private partnership in infrastructure delivery and supportive regulatory reform. Finally, chapter five concludes the analysis, summarizing major highlights.en-USCC BY 3.0 IGOACCOUNTINGAFFILIATESAGGLOMERATION BENEFITSAGGLOMERATION ECONOMIESAGGREGATE DEMANDAGRICULTUREAIRAIR CARGOAIR FREIGHTAIR POLLUTIONAIRCRAFTBOTTLENECKSBUSBUS TRANSPORTCAPACITY BUILDINGCAPITALSCENTRAL BANKCENTRAL BANK OF SRI LANKACERTAIN EXTENTCLIMATE CHANGECOALCOMPARATIVE ADVANTAGECOMPETITIVE ADVANTAGECOMPETITIVENESSCONCEPTUAL FRAMEWORKCONGESTIONCONSOLIDATIONCONSUMER PROTECTIONCROSS SUBSIDIESDEBTDEBT SERVICINGDEFICITSDEREGULATIONDEVELOPED COUNTRIESDEVELOPMENT POLICYDEVELOPMENT STRATEGYDIVIDENDSDOMESTIC AIRPORTSDOMESTIC TRANSPORTDRAINAGEDRIVERSECONOMETRICSECONOMIC ACTIVITYECONOMIC DEVELOPMENTECONOMIC GEOGRAPHYECONOMIC GROWTHECONOMIC REFORMECONOMICSECONOMIES OF SCALEEFFECTIVE USEEFFICIENCY OF INFRASTRUCTUREELECTRICITYEMPLOYMENTENTREPRENEURSHIPENVIRONMENTALENVIRONMENTAL ECONOMICSENVIRONMENTSEXPORTSFINANCIAL CRISISFINANCIAL INSTITUTIONSFINANCIAL RESOURCESFINANCING SOURCESFISHFORESTRYFREE TRADEFUELFUELSGDPGINI COEFFICIENTGROSS DOMESTIC PRODUCTGROWTH POTENTIALGROWTH RATEHIGHWAYSHOUSINGHUMAN CAPITALINDUSTRIALIZATIONINEFFICIENCYINFLATIONINFRASTRUCTURE DEVELOPMENTINFRASTRUCTURE FINANCINGINFRASTRUCTURE INVESTMENTINFRASTRUCTURE PROJECTSINFRASTRUCTURESINSTITUTIONAL DEVELOPMENTINTERNATIONAL AIRPORTINTERNATIONAL TRADEINVENTORYLABOR FORCELABOR MARKETSLABOR PRODUCTIVITYLICENSESLIVABLE CITIESLIVING CONDITIONSLOCAL DRAINAGEMACROECONOMIC ANALYSISMACROECONOMIC CONDITIONSMACROECONOMIC STABILITYMACROECONOMICSMETALSMIGRATIONMONETARY POLICYMULTIMODAL TRANSPORTNATIONAL INCOMENATIONAL PARKSNATURAL CAPITALNATURAL RESOURCE ECONOMICSNATURAL RESOURCESOILPER CAPITA INCOMEPETROLEUM GASPETROLEUM INDUSTRYPOLICY INSTRUMENTSPOLICY MAKERSPORT SERVICESPRIVATE SECTORPRIVATE SECTOR PARTICIPATIONPRIVATIZATIONPRODUCERSPRODUCTIVE RESOURCESPROFITABILITYPROVINCIAL GOVERNMENTSPROVISION OF INFRASTRUCTUREPUBLICPUBLIC DEBTPUBLIC EXPENDITUREPUBLIC FUNDSPUBLIC INVESTMENTPUBLIC INVESTMENT IN INFRASTRUCTUREPUBLIC INVESTMENTSPUBLIC SECTORPUBLIC SECTOR MANAGEMENTPUBLIC SPENDINGPUBLIC TRANSPORTPUBLIC TRANSPORTATIONPUBLIC UTILITIESRAILRAILWAYRAILWAY NETWORKRAILWAYSRAPID TRANSITREGULATORY FRAMEWORKREPLACEMENT COSTSRESOURCE MANAGEMENTRETIREMENTRETURN ON INVESTMENTROADROAD CONGESTIONROAD NETWORKROADSRURAL ROADSSANITATIONSAVINGSSOCIAL SERVICESSTATE BANK OF PAKISTANSTREETSSTRUCTURAL CHANGESUSTAINABLE CONSUMPTIONSUSTAINABLE DEVELOPMENTTAXTAX COLLECTIONTAXATIONTECHNOLOGICAL CHANGETELECOMMUNICATIONSTERMS OF TRADETIRESTRADE COMPETITIVENESSTRAFFICTRAFFIC MANAGEMENTTRANSIT SYSTEMTRANSPARENCYTRANSPORTTRANSPORT ACCESSTRANSPORT INVESTMENTTRANSPORT SECTORTRANSPORT SYSTEMTRANSPORTATION NETWORKTRAVEL SPEEDSTRAVEL TIMESURBAN DEVELOPMENTURBAN INFRASTRUCTUREURBAN SERVICESURBANIZATIONVALUE ADDEDVEHICLESWASTE MANAGEMENTWATER SUPPLYWEALTHWorld Bank10.1596/978-0-8213-9927-9