Colombo Port City Economic Commission Act 2021 · As enacted · 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
Official translationFrom Department of Government Printing, unchanged
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.
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.
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.
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.
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.
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