Sri Lanka, Feb. 16 -- Sri Lanka is certainly recovering and there has been renewed interest shown by investors towards the Port City project, said Deputy Managing Director, CHEC Port City Colombo Ltd., Thulci Aluwihare.

He said the current macro-economic indicators are favourable for foreign direct investments. However, sticking to the IMF's fiscal consolidation plan and improving confidence in the country are crucial to attract FDIs, he said.

Outlining the five-year role out plan which Aluwihare said may have to be extended to 2030 due to the economic crisis, is now coming into fruition with the ground-breaking for Marina Development on four land plots last month and the signing for a residential development project next to Marina Deve...