FINANCIAL CHRONICLE – The Sri Lankan cabinet has given the green light to solicit project proposals for a value addition initiative involving rock phosphate, which is mined by Lanka Phosphate Ltd. This endeavor will be conducted under a public-private partnership, according to Minister Nalinda Jayatissa.

Previously, expressions of interest were invited from potential investors, resulting in 14 submissions, as reported by Jayatissa during a press briefing.

“The Cabinet has approved the proposal to invite project proposals for the implementation of the proposed project from qualified investors, selected after evaluating the expressions of interest,” he stated.

Lanka Phosphate Company Ltd, a state-owned enterprise, produces chemical fertilizer from a phosphate deposit located in Sri Lanka’s Eppawala region.

(Colombo/Jan27/2026)