Sep 04, 2022

Delays in Govt. regulations ; Port City investments affected Featured

It is reported that out of the 74 plots allocated for foreign investors in Colombo Port City, only 6 plots have been claimed by the investors so far.

The project is considered to be the biggest investment project in the country, but it is said that there have been difficulties to find investors because the government is yet to approve legal regulations applicable to investments at the Port City.

In this backdrop, no investor has come forward to express interest with regard to the remaining 68 plots.

Those who had already claimed the other 06 plots are also unable to kickstart their investment activities due to the delay in the relevant government regulations.

The Port City, built on an area of 269 hectares near the Port of Colombo, is a Sino-Sri Lankan joint investment.

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