Sri Lanka to sell plots in Colombo Port City for bunkering – Minister
Sri Lanka is to sell four plots of land in Colombo Port City for an investor to establish a facility for bunkering, a Minister told journalists.
Minister of Ports, Shipping and Aviation, Nimal Siripala de Silva said that they have also called for expression of interest to start an aviation fuel storage facility.
The Minister added that providing fuel for ships and aircraft can play a big role in developing Sri Lanka’s economy, Xinhua news agency reported.
Colombo Port City can bring in more than $5 billion as foreign direct investment in the first five years of operation, he said.
He told the parliament earlier this week that the government will soon gazette laws that govern the port city.
Spanning 269 hectares of reclaimed land from the sea, the port city will comprise five different precincts, including the financial district, central park living, island living, the marina and international island.
(Source: IANS)
Latest Headlines in Sri Lanka
- Over 120,000 tourists arrive in Sri Lanka in first 20 days of November 2024 November 25, 2024
- IMF backs Sri Lanka’s plan to boost revenue with vehicle imports November 25, 2024
- Bus collision in Watawala injures four amid adverse weather November 25, 2024
- Senior Professor Rathnayake appointed to restore order at University of Ruhuna November 24, 2024
- Sri Lankan fishing vessel seized with massive drug haul in Maldives November 24, 2024
