The Sri Lanka Ports Authority is expected to sign agreements with eligible investors who have submitted project proposals seeking cabinet approval to commence new ventures at the Magampura Port premises.

Magampura Port Chief Engineer Agil Hewageegana said the Cabinet appointed negotiation committee established to look for Magampura project proposals will present its recommendations to the cabinet shortly.

Hewageegana said they have selected 15 companies to grant permission to build ventures at the port premises and at the moment they have had discussions with 11 companies to examine what kind of facilities particularly, water, road and land requirements investors need to commence businesses at the port premises.

“We have selected one investor for cement grinding, cement bagging and sugar refinery respectively and three investors for petro chemicals,” he said.

In 2010, the Government called for project proposals from preferred investors to set-up new ventures at the Magampura Port premises in cement grinding, warehouse, car assembling, sugar refinery, fertilizer, petrochemicals and other investment areas.
(DN-12042011)