Sri Lanka, Oct. 16 -- The Colombo Port City Economic Commission Officials informed the Parliamentary Committee on Finance that nine land plots, valued at a total of US$ 1.12 billion, had been leased to promote investment in the area adjoining Colombo's main commercial district.Read Travel Guides

The Commission officials said that they are also planning to lease a further six land plots valued at US$1 billion.They added that the Commission was preparing to bring four government-owned land plots to the market, representing around one-seventh of the total land allocation.

The Committee, which met in Parliament recently under the chairmanship of Dr.Harsha de Silva focused on the investment promotion activities of the Colombo Port City Econo...