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Government signed agreement for CIFC

The government signed a tripartite agreement for Colombo International Financial City (CIFC) which was previously named as the Colombo Port City.

Megapolis and Western Development Ministry, together with the Urban Development Authority (UDA) and the CHEC Port City Colombo (Pvt.) Ltd signed the tripartite agreement for the development of the CIFC replacing the previous agreement signed by the former government.

The CIFC would be governed under a new Act titled Colombo International Financial Centre Law which would be introduced in Parliament.

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