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Prime Minister Mahinda Rajapaksa[/caption]
The Government expects to attract a minimum of $ 15 billion into the Colombo Port City Project within the next five year period, according to Prime Minister Mahinda Rajapaksa, who is also the Minister of Finance.
The Prime Minister made this remark at the inauguration of the second day of the Sri Lanka Investment Forum 2021, said to be Asia’s “first and largest virtual investment forum”. The Premier disclosed this target stressing the Government’s stance on targeting non-debt-creating foreign exchange inflows.
He also pointed out the investment forum was “a timely measure”, as this is taking place at a time action has already been taken to formulate and implement a legal business facilitation framework in order to launch the Colombo Port City Project (CPC) through the new Act.
These have been done amidst the prevailing pandemic with the belief that the aforementioned CPC is anticipated to mark a turning point in the economy, the Premier stressed.
Also, the Government anticipates prioritising programmes such as private equity sales and making debt instruments effective by pushing venture capitals. Thus, the Government looks forward to laying the foundation to create opportunities for foreign investment.
Furthermore, plans are underway to achieve a development rate of over 6% in the country. In conclusion, Rajapaksa said that Sri Lanka’s expectation is to encourage world-renowned investors to select Sri Lanka as their investment destination of choice.
President Gotabaya Rajapaksa, on 31 May, appointed members to the Colombo Port City Economic Commission. Accordingly, Gamini Marapana (PC) has been appointed as the Chairman of the Commission. The other member appointments are Treasury Secretary S.R. Attygale, Ministry of Water Supply Secretary Dr. Priyath Bandu Wickrema, former Board of Investment (BOI) Chairman Saliya Wickramasuriya, Orel Corporation Managing Director (MD) Kushan Kodithuwakku, Mercantile Investment MD Gerard Ondaatjie, and McLarens Group Chairman Rohan De Silva.