Acting Director of the Colombo Port City Commission Dr. Priyath Bandu Wickrama says the ownership of the Colombo Port City does not belong to China.
Speaking during a media briefing organised by the President’s Media Division, Priyath Bandu Wickrama said lands have been vested with China on two 99-year lease terms.
He said no local funds have been spent for developing any infrastructure within the Colombo Port City.
Wickrama claimed however the public received benefits from investments made in the Port City opening employment opportunities in the construction sector.
The Acting Director claimed all such investment flowed into the local market.
He said the term “tax” will not be used within the Port City adding it will be known as levies.
Wickrama said management procedures and regulations being formulated within the Colombo Port City can be used throughout the country in the future.
He said not only the Port City, but the entire nation must be transformed into a free zone.
Commenting on the restriction imposed on locals entering certain locations of the Colombo Port City, the Acting Director claimed the entire Colombo Port City is open for all Sri Lankans.
He said locals can make purchases using Sri Lanka rupees while also being able to purchase land as well, adding however foreign currency is required for investments within the Port City.
Wickrama said while all parks and shopping malls are open for all, locals will be subject to taxes as normal while authorised individuals living within the Port City will be exempt from all taxes on purchases.
He said the theme park is open for all individuals adding however the hotel within the theme park is only open for foreigners.