This decision aims to incorporate relevant amendments to maximise the feasibility and global competitiveness of the Port City as a specialised economic zone.

The necessity to amend the Port City Economic Commission Act has been identified to remove existing obstructions that hinder the commencement of business operations, as highlighted by prospective investors. These amendments are intended to streamline processes and enhance the business environment, making the Port City more attractive for international investments.

“Some of the new amendments will be included following the Economic Transformation Bill which was passed recently,” Cabinet Co-Spokesman and Minister Bandula Gunawardena said at the post-Cabinet meeting media briefing