Port City bill gets a majority of 91 votes

The Colombo Port City Economic Commission Bill has passed in its third reading with 149 votes in favor and 58 votes in opposition. Accordingly, the Bill passed in Parliament with a majority of 91 votes.

 

Meanwhile  The Project Company today invited local and foreign investors to connect with the company’s marketing team and explore the unique investment opportunities now available at Port City Colombo and to be a part of South Asia’s city of the future.

 

The Parliament today, adopted a powerful Bill enabling a giant step in Port City Colombo becoming a pivotal global financial and services hub for South Asia. The act provides a stable policy environment; backed by efficient administrative processes coupled with globally competitive incentives.

 

In a statement, CHEC Port City Colombo, the project company’s Managing Director Mr. Jiang Houliang welcomed the timely and strategic decision taken by the Sri Lankan Government in enacting the Colombo Port City Economic Commission Bill.

 

The Government’s aim is to bring the Colombo Port City to the list of ten such economic zones in the world, Minister Namal Rajapaksa said today. He told Parliament that there were 5,000 such economic zones in the world where only 100 of them have been successful. “Our aim is to bring Colombo Port City to the list of ten economic zones of this nature,” he said.