ECONOMYNEXT – Investments worth 1.2 billion US dollars already approved, are expected to start construction in 2025 and there are 732 million dollars of other investments awaiting approval, Deputy Minister of Industries, Chathuranga Abeysinghe said. The Port City had a pipeline of investments amounting 3.9 billion dollars and 1.2 billion dollars of projects had already been approved, Abeysinghe told parliament. About 732 million in investment applications were awaiting approvals, he said. The Parliament passed amendments to the Port City Law, which reduced tax holidays to below 15 years, based on the level of investment. Officials of the Colombo Port City…
US$1.2bn in projects to start in Sri Lanka’s Port City, $732mn awaiting nod
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