SLPA receives 18 investment proposals

Sri Lankan Port Authority (SLPA) has received 18 proposals from global and local investors for the proposed development of the Galle Port, Chairman SLPA Dr. Prasantha Jayamanna said

He said that they are planning to position Galle Port as a Tourism Harbour and this includes reclaiming 40 hectares of land to be leased out to both local and foreign investors

Chairman SLPA  Dr. P Jayamanna

for mixed development projects including leisure parks, apartments, hotels, shopping malls and other recreation facilities. In addition a yacht marina and ship repairing facility too would be included for this project. SLPA has already completed an environmental study on the project and since Galle Harbor is located in a historic location, approval of UNESCO has also been obtained. The private sector would be investing and building these facilities. “To compensate for their investment we will offer them the reclaim land for a stipulated time frame so that they could use it for port related business or mix development investments,” he said.

“We called for request for proposals for this project early this year and have now decided to extend the closing date until July 2022. Asked if the investors would respond to a novel project of this nature when globe investors are reluctant to invest, he said already 18 foreign investors have shown interest to get involved in this project.