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CHEC Port City on our last week’s story
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View(s): The CHEC Port City Colombo (Private) Limited has drawn reference to the Sunday Times news article titled “Colombo Port City under high-powered body” published last week.
The Company said only the Project company (CHEC Port City Colombo Pvt Ltd) has to pay the initial contribution of Rs 400 million for the Fund of the Commission and not every company who wishes to invest, as reported in the news item.
This cost was to defray initial setting up and operational expenditure of the Commission, including international promotional expenditure of the Colombo Port City and Sri Lanka and such other expenses incurred by the Commission.