Strategic Development Projects Act 2008 · As enacted
3. Identification of Strategic Development Projects
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
The Board of Investment of Sri Lanka established by the Board of Investment of Sri Lanka Law, No. 4 of 1978, shall identify in consultation with the relevant line Ministries, any proposed project as a Strategic Development Project.
On a project being identified in terms of subsection (1)
as a Strategic Development Project, the Minister in charge of the subject of Investment shall by Notification published in the Gazette publish the relevant information relating to each proposed project and the exemptions to be granted in respect of the same.
On the expiration of a period of thirty days from the date of the Notification published under subsection (2), the Minister in charge of the subject of Investment, shall in consultation with the Minister in charge of the subject of Finance take such steps as are necessary to inform the Cabinet of Ministers of—
the rationale for considering such project as a
Strategic Development Project ; and
the period of exemption proposed to be granted, and obtain the approval of the Cabinet of Ministers for the identification of the project as a Strategic Development Project and for the granting of exemptions to such Project in terms of section 2.
If the Cabinet of Ministers grants approval for such
Project to be considered as a Strategic Development Project and for the aforesaid exemptions to be granted to such Project in terms of section 2, the Minister in charge of the subject of
Investment shall, within six weeks from the date on which the approval of the Cabinet is granted, by Order published in the
Gazette, specify the name of the Strategic Development
Project, the date of commencement of such Project and the date on which the exemptions from the enactments specified in the Schedule hereto, granted in terms of section 2 will become operative and the date from which the same shall cease to be operative.
Every Order made in terms of subsection (4) shall be placed before the Parliament within three months from the date of publication of the Order in the Gazette.