Gazette notification stipulating Port City Project regulations to be out soon: Dilum

Investment Promotion State Minister Dilum Amunugma in conversation with BOI Chairman Raja Edirisuriya. Colombo Port City Economic Commission Acting Director General, Dr. Priyath Bandu Wickrama and BOI Director General Renuka M. Weerakon are also present

The Gazette notification stipulating the laws and regulation pertaining to the Colombo Port City Development Project will be issued in a couple of days, said Investment Promotion State Minister Dilum Amunugma.

He made these remarks during a site visit to the Port City yesterday.

Addressing the media, the State Minister said: “Sri Lanka is benchmarking with global standards and in the process of promoting ease of doing business and thereby, make Port City another Dubai and Singapore.

“In this context, the completion of drafting the Gazette is a huge achievement, which will help the investors get a clearer picture about the laws and regulations so as to commence operation at the Port City and accelerate ongoing projects.”

Responding to a query posed by media personnel whether as to why the investors show reluctance in investing in the Port City Project, the State Minister said: “It is imperative that we as the Government set the tone and create a conducive environment for the investors to invest in the project, which is the largest ongoing project in Sri Lanka.”

“That’s the very reason why we considered this as a priority and thus, decided to finalise drafting the Gazette,” he stressed.

Board of Investment (BOI) Chairman and Colombo Port City Development Project Management Unit Executive Project Management Director Raja Edirisuriya, BOI Director-General Renuka M. Weerakone, Colombo Port City Economic Commission Acting Director-General Dr. Priyath Bandu Wickrama and other Ministry officials participated in the visit.