Trincomalee Industrial Zone :

Government sets investor proposal deadline

Indunil HEWAGE

Deadline for submitting investor proposals for the establishment of new business ventures at the industrial park of Trincomalee Port City Development project has been set for May10. A top Sri Lanka Ports Authority (SLPA) official speaking to Daily NewsBusiness said that 30 investors have so far submitted project proposals to SLPA in various investment areas such as ship repairs, fertilizer and cement manufacturing and most of the applications have been submitted by local companies with foreign collaboration.

SLPA has still not classified the investment opportunities available for interested parties at the park as they believe there will be more investment opportunities at Trincomalee Industrial Zone than the Hambantota port industrial project.

SLPA has embarked on a new project worth of Rs one billion to provide necessary infrastructure facilities such as electricity, water, road facilities for the industrial park as well.

The Cabinet approved Trincomalee city development project comes under around 4,000 acres of land and will mainly consist of an industrial park and a tourism zone.