Total investment exceeds US$ 4 b:
BOI signs highest ever FDI project
The Board of Investment of Sri Lanka signed an agreement with Sri
Lanka Gateway Industries (Private)Limited, to spearhead Sri Lanka’s
highest value ever Foreign Direct Investment project, forthe
development, operation and management of a special industrial zone for
heavy industries, in the Trincomalee District. As per the agreement this
project will come under the Strategic Development Act.
Chairman/ Director General of the BOI, M.M.C Ferdinando
formally presents the Certificate of Registration to Prabath
Nanayakkara, Chairman Gateway Industries.
The project master plan includes the development of a Deep Water
Jetty, Bulk Commodities Terminal with Stockpiling and Blending
Capabilities, Power Generation Plant, and a host of other heavy
Industries and complementary industries. The project will be delivered
in three phases, with a total investment exceeding US$ 4 billion.
This project will open opportunities for much export and import
markets in the Asian, African, Australian and American continents, and
provide a strategic access gateway to satisfy the growing demands of the
In addition to the above, the Trincomalee region will be benefited
through direct and indirect employment opportunities, social and
community development and creation of new skills during construction and
long-term operation of the project. It is expected that over 5000 direct
employment opportunities and over20,000 indirect employment
opportunities will be created from this project.
Sri Lanka Gateway Industries will establish a vocational training
centre to enhance the professional skills of the local community of the
region, thereby targeting many job opportunities for the local
The company has completed detailed feasibility and engineering
studies and will be adopting WorldBank environmental standards as a
benchmark for the project.
Prabath Nanayakkara, Chairman of Sri Lanka Gateway Industries stated
that he is certain that the heavy industrial zone will change the
economic landscape of Sri Lanka and be a stepping stone for the
transformation of Sri Lanka to be an industrialized nation. Chairman of
the BOI, M MC Ferdinando stated “the signing of this landmark project is
an indication of the growing international investor confidence in Sri