Authors: G S P Gunasekara
Abstract: Sustainable construction has gained global attention as a pathway to environmentally responsible and resource-efficient development. However, in Sri Lanka, the adoption of sustainable construction practices is often constrained by economic and financial factors. This critical review examines the literature on the economic and financial dimensions influencing sustainable construction in the Sri Lankan context. Key challenges identified include high initial capital costs, limited access to green financing, weak incentive structures, and the inadequate incorporation of life-cycle cost assessments in project planning (Dissanayake & Jayasinghe, 2021; Silva & Rathnayake, 2020). Additionally, the absence of standardized economic evaluation frameworks and fragmented policy enforcement further hinder implementation (Tam et al., 2020). Despite these barriers, opportunities exist through green procurement strategies, financial incentives, and increasing stakeholder awareness of long-term economic and environmental benefits. The review highlights the need for integrated financial mechanisms, policy reforms, and capacity-building initiatives to accelerate sustainable construction adoption in Sri Lanka.
