In The Press

Parliament approves several orders under Strategic Development Projects Act:To grant tax exemptions to Port City Project


Parliament yesterday, approved several Orders under the Strategic Development Projects Act to grant tax exemptions to the International Financial City (Port City Project) in Colombo and a Mixed Development Project in an eight acre land in Slave Island.

The orders were moved for debate by Strategic Development and International Trade Minister Malik Samarawickrema, but those were put off at the end of the debate.

The orders were placed before the House again yesterday and passed without a vote. Parliament also passed the Engineering Council Bill with amendments. Power and Renewable Energy Minister Ranjith Siyambalapitiya moved the Bill for debate and amendments to it were read out by Minister Patali Champika Ranawaka at the Committee Stage, keeping with the Supreme Court Order.

UPFA MP Kanaka Herath also proposed some amendments, but those were not accommodated by the Government.