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The Colombo Port City Economic Commission (CPCEC) yesterday revealed the progress thus far of Sri Lanka’s most ambitious venture including licences issued for seven banks to set up shop and technical certificates of completion of 64 of the 74 plots.

CPCEC is the Single Window Investment Facilitator authorised to assist investors, businesses, and residents in conducting their activities seamlessly and efficiently in Port City Colombo.

Issuing its semi-annual progress report for FY 2022 from July to December 2022, CPCEC said agreements have been signed between the Commission and the Registrar General of Companies and Controller General of Immigration and Emigration in order to streamline services offered to Authorised Persons.

It also said technical Certificates of completion for 64 out of the 74 plots of the Port City Colombo SEZ have been received by the Commission. Preliminary designs for the Marina Development and Villa Project have been submitted by two investors, with several more plots in the final stages of discussion for lease.