75% of jobs created by Port City to Sri Lankans: PM
The Port City Economic Commission Bill will be amended, allowing for 75% of the jobs created by Port City to be reserved for Sri Lankans, and the Port City Economic Commission will relax the conditions of employment when Sri Lankans do not possess the required special skills, Prime Minister Mahinda Rajapaksa says.
The Prime Minister made these remarks while making a special statement at the commencement of the Parliamentary debate on the Colombo Port City Economic Commission Bill today (19).
Moreover, the Prime Minister said that the proposal to have a majority of Sri Lankans in the composition of the economic commission, alongside a Sri Lankan Chairman should be confirmed by the Port City Act itself.
Meanwhile, it is estimated that the construction of the Colombo Port City will provide employment to nearly 200,000 in the first five years, and is expected to attract at least U.S. $ 15 billion in investments over the next five years, Prime Minister Rajapaksa mentioned.
Furthermore, the Prime Minister pointed out that it is imperative to reduce the unfair hurdles, wastage of time, unforeseen expenses, bureaucratic delays, sudden policy changes, which plague many investors from investing in the country.
Therefore, the Government has proposed to provide all the services and facilities required for foreign investors entering the city through a single window and to create a conducive environment for their investment to flow into the country, Prime Minister Rajapaksa said.
The Prime Minister added that he accepts all the orders of the Supreme Court and hopes to include those amendments in the second reading.