Sri Lanka Ports Authority (SLPA) has taken action to develop the Trincomalee Port City to facilitate prospective investors who have expressed willingness to set up port related new ventures there.
Accordingly, the Authority will invest approximately Rs. one billion for infrastructure related to the Port City. SLPA will infuse money to develop roads and electricity facilities in the port area.
The Trincomalee Port City Development project which spreads across more than 500 acres of land will mainly consists of an Industrial Park and a Tourism Zone. However, the main focus of the authorities is to develop the industrial park at the initial stage.
Sri Lanka Ports Authority last month published the project proposal documents to private sector investors who are interested in setting up port related business ventures in the Trincomalee Port Industrial Park. At the moment, around 15 investors have purchased the required documents from SLPA.