Page 25 - CPM Sri Lanka-Chartered Manager-Sept. 2021

THE INSTITUTE OF CHARTERED PROFESSIONAL MANAGERS OF SRI LANKA
JANUARY 2021

midst widely divergent views and severe
controversy, the Government of Sri Lanka enacted
Athe Port City Colombo Economic Commission
Act No. 11 of 2021 in May 2021, demarcating the 269 Ha
reclaimed extension of the Colombo Central Business
District as a multi-services Special Economic Zone.

The Act envisions to promote and facilitate
a vibrant business ecosystem & regulatory
framework that will position Sri Lanka as the
leading destination in the region for investment
and to do business in. Moreover, the Port City
will also feature a luxury yacht marina, urban
waterfront resorts, retail/ entertainment facilities
and other urban amenities, making it the
destination of choice to live, work and unwind in.

Whilst the Government has prioritized the
promotion of Port City in its agenda and remains
confident that Port City will be a catalyst in
boosting Foreign Direct Investments into Sri
Lanka, key stakeholders such as foreign & local
investors, professionals and the general public
are still unaware of the governance, progress and
various other aspects of the Port City.

In this backdrop, The Institute of Chartered
Professional Managers of Sri Lanka approached
Mr. Thulci Aluwihare, Assistant Managing Director
of CHEC Port City Colombo (Pvt) – the Project
Company of Port City Colombo, to shed light
onto some of the burning issues surrounding this
mammoth project.

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