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Cabinet okays special visas for Colombo Port City

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By Rathindra Kuruwita

The Cabinet of Ministers had approved the issuance of Investment, Employment and Resident Visas to foreigners, attached in the Colombo Port City, Cabinet Spokesman Minister, Bandula Gunawardena, said yesterday.

Gunawardena said that the proposal had been tabled by the Minister of Public Security, Tiran Alles.

The Colombo Port City Economic Commission, established to regulate the Port City, had recommended the issuance of the above-mentioned visa types, the Minister said.

“The introduction of these visas were vital for the operation and the success of the Port City, he said.

Sri Lanka expects the Port City to be a main driver of foreign investments to Sri Lanka, in the coming years, the Minister said.

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 the international island.



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Cabinet nod for new Commercial High Court

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The Cabinet of Ministers approved the proposal presented by the Minister of Justice, Prisons Affairs and Constitutional Reforms to establish a new Commercial High Court to ensure expeditious disposal of the existing backlog of commercial matters.

The new Commercial High Court will be established at No.80, Justice Avenue, Colombo 12

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219.72 Hectares of land in Siyambalanduwa to be acquired and leased to Sustainable Energy Authority

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The Cabinet of Ministers approved the proposal presented by the Minister of Power and Energy on the recommendation of the Ministry of Tourism and Lands, to acquire 219.72 hectares of land in Siyambalanduwa Divisional Secretariat Division of Monaragala District and lease the relevant extent of land on a long-term lease basis for a period of 25 years to the Sustainable Energy Authority, with relevant provisions to enable sub-leasing to a selected renewable energy developer.

 

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Chemicals to be regulated to prevent misuse

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The Cabinet of Ministers approved the proposal presented by the  President in his capacity as the Minister of Defense to make arrangements to regulate  chemicals that could be misused, and to transfer the said regulatory role to the National Authority for the Implementation of the Chemical Weapons Convention.

Among the large number of different chemicals that are used in the country for peaceful purposes such as industrial, agricultural, medical and research activities it has been observed that among those chemicals, chemicals like Nitric acid, Chlorine, Hydrogen Peroxide, Potassium Cyanide, sodium cyanide, Nitro Methane and Sodium Azide are of dual use nature which can be used in many different industries such as milk, beverages, oil-related industries, water purification etc. can be used for harmful activities that threaten national security.

 

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