The Hon. Nishantha Jayaweera - Deputy Minister of Economic Development
The Deputy Minister presented six items under the Colombo Port City Economic Commission Act for approval, stating that they are intended to remove impediments to investment and accelerate investor attraction. The proposals include allocating additional land for electricity supply to Phase II, permitting higher buildings with authority approval, reducing retail land allocation from 30 per cent to 5 per cent for urban beautification, making a technical correction on open coastal spaces, and amending the usage classification matrix.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Hon. Deputy Chairperson of Committees, under the Colombo Port City Economic Commission Act, six items are presented today for approval. The Government brings such amendments to identify and remove impediments to investment so we can accelerate investor attraction.
¶ 02 Briefly, the six proposals are: 1) Allocate additional land needed to supply electricity to Phase II of the Port City. 2) Increase permissible building heights within the Port City, subject to approval by the authorities, to enable new designs. 3) Reduce the currently allocated 30 per cent land for retail to 5 per cent and use the balance for urban beautification. 4) Make a technical correction regarding the area of open (coastal) spaces. 5) Amend the usage classification matrix…
Provenance
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- Hansard, Thursday, 19 March 2026 ·No. 23381 ·English daily/uncorrected Hansard
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Cite as: The Hon. Nishantha Jayaweera - Deputy Minister of Economic Development. 10th Parliament, Parliament of Sri Lanka. Hansard, 19 March 2026. No. 23381. Politick, https://staging.politick.io/lk/speeches/30164