Foreign funding construction projects in Sri Lanka: review challenges on Technology Transfer with the local stakeholders

Abstract

Technology is an integral part of construction and domain factor with cost. Most of modern materials, plant, equipment and services are innovated by developed countries and their aim is to transfer them by one way through funding facilities to other countries. Sri Lankan government pleases to obtain foreign funded in order to develop most of infrastructure and buildings in order to cater for economic growth and living standard which would answer somewhat on socio-economic issues in the present conditions. One of the positive outcomes on foreign funding is the technology transfer. The study aims to define the potential impact on that and assessing them could cater for best decision to do in future endurances. The direct population was stakeholders who are in construction projects and selected sampling (experts) was by snowball technique. The Quantitative and qualitative methods were applied for data collection in the mode of questionnaire and semi structured interview. The SPSS computer software applied in order to check validation of data and to give reliability of findings. The content analysis had been used for synthesis evaluation. The literature review shows positive effects as well as potential negative effects on foreign technology transfer on other countries as well. The outcome of findings reveal that arrival of modern goods, latest methods of execution, sophisticated computer software modeling and simulating, innovative management procedures as positive impact. The lack of development in supported industry (example, e-commerce in legal trade) and upgrading is required on education on theory and training which derive a negative impact on technology transfer. Finally, the recommendations have been put forward to minimize the potential negative impact areas and identify more opportunities cost on positive impact areas on stakeholders’ future projects