By Uwin LugodaSri Lanka’s biggest direct foreign investment development scheme, the Colombo Port City, has now begun attracting potential investors to its shores. According to the recently appointed Port City Economic Commission, gazettes are being prepared to expedite the regulatory approvals needed for these investments to move forward. These development regulations will specify the types of the buildings, their height, etc., for each plot of land within the Port City. The establishment of the Commission was a major part of the 76-page Colombo Port City Economic Commission Act 2021, which was approved by Parliament in May. Interest piques in Port CityAttygalle stated that while these six investors have come forward, ready to begin construction, they are not the only interested parties eyeing the Port City.

Source: The Nation June 26, 2021 17:03 UTC