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Contents

Part I · Establishment of the Colombo Port City Special Economic Zone and the Colombo Port City Economic Commission

4. Master Plan of the Colombo Port City

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

The Master Plan as approved by the Commission with the concurrence of the President or in the event that the subject of the Colombo Port City is assigned to a Minister, with the concurrence of such Minister, shall be the basis on which all zoning and other physical development activities within the Area of Authority of the Colombo Port City, shall be implemented.

(2)

The Commission shall, in consultation with the Project

Company, and with the concurrence of the President or in the event that the subject of the Colombo Port City is assigned to a Minister, with the concurrence of such

Minister, identify any amendments to the Master Plan, if such amendments are considered necessary in the national interest or in the advancement of the national economy, to ensure through its viability the enhancement of the businesses carried on, in and from the Area of Authority of the Colombo Port City.

(3)

The Commission shall be vested with the responsibility of ensuring the due implementation of the

Master Plan and the Development Control Regulations, which shall be made in terms of this Act.

(4)

The Commission shall submit to the President or in the event that the subject of the Colombo Port City is assigned to a Minister, to such Minister, an annual progress report, setting out the progress on the implementation of the

Master Plan.

(5)

The Commission shall, having consulted the Project

Company, submit for the consideration of the President or in the event that the subject of the Colombo Port City is assigned to a Minister, of such Minister, its recommendations on any revision to the Master Plan, along with such annual progress report.

(6)

The President or in the event that the subject of the

Colombo Port City is assigned to a Minister, such Minister, may for the purposes of this section, issue such general or special directions in writing to the Commission, if it is so required in the national interest or in the advancement of the national economy.

Part II

Objectives and Powers, Duties and Functions of the Commission

Part III

Composition of and the Administration and Management of the Affairs of the Commission

Part IV

Fund of the Commission

Part V

The Director-General and the Staff of the Commission

Part VI

Part VII

Offshore Companies to Operate Within the Area of Authority of the Colombo Port City

Part VIII

Offshore Banking Business in and from the Area of Authority of the Colombo Port City

Part IX

Determination and Grant of Exemptions or Incentives for the Promotion of Businesses of Strategic Importance

Part X

Applicability of the Condominium Management Authority Law and the Apartment Ownership Law

Part XI

Applicability of the Securities and Exchange Commission Act

Part XII

Estate Manager and Provision of General Services

Part XIII

International Commercial Dispute Resolution Centre

Part XIV

Priority in Hearing Legal Proceedings

Part XV

Interim Provisions and Investment Protection

Part XVI

Miscellaneous Provisions

Schedules