Cabinet committee to probe Trinco port land given to investors

By Pabodha Hettige

Trincomalee Port Residential Manager, J. A. Chandrarathne says that authorities have decided to assess the value of the land at the Trinco port before March 19 for the benefit of investors.

This decision was taken at a pre-bid meeting at the Sri Lanka Port Authority, (SLPA) on March 09 with the participation of nearly 20 prospective investors. Some of the participants have also been taken for a site visit on request.

"The authorities have set April 10 as the deadline for the investors to make their proposals regarding what could be obtained from the SLPA," he said. The SLPA had so far received more than 25 proposals.

Among the proposals received, the highest extent of land requested by an individual investor was 300 acres for petroleum related industries, Chandrarathne said.

However, the extent of land to be given to investors would be decided by a special Cabinet approved Committee after the closing date for the proposals, he said.

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