Sri Lanka’s National Agency for Public Private Partnership will assist in the process, the state information office said.
The cabinet of ministers had cleared the proposal by Sri Lanka’s Megapolis and Western Development Minister to set up negotiation committee and project committee.
Proposals will be called to build a hotel, convention and exhibition centre, and international hospital. An international school will also come up.
The land Sri Lanka’s capital Colombo was reclaimed by CHEC Port City Colombo (Pvt) Ltd, a unit of China Communication and Construction group in a 1.4 billion US dollar investment.
Under the agreement with Sri Lanka, CHEC Port City has given a part of the land to the government of Sri Lanka to develop.