COLOMBO (NewsRadio); Sri Lanka will allow investors to establish bunkering facilities within the Colombo Port City.
Following this year’s economic crisis, which also affected the energy sector, officials have advocated for the liberalization of the energy industry.
Accordingly, permission was granted for the private sector to import fuel earlier this year.
Minister of Ports, Shipping and Aviation Nimal Siripala de Silva has now announced, at least four plots of land within the Colombo Port City will be allocated for investors to establish facilities for bunkering.
Minister Nimal Siripala de Silva added that they have also called for expression of interest to commence an aviation fuel storage facility.
Minister de Silva is of the view that providing fuel for vessels and aircraft can play a massive role in strengthening Sri Lanka’s economy.
The Colombo Port City which was built on reclaimed land, spanning 269 hectares will comprise five different precincts including the main financial district, central park living, island living, the marina and international island.