## Rock Phosphate Project Moves to Next Stage š
The Sri Lankan government has approved the next phase of a public-private partnership (PPP) project to enhance value addition for rock phosphate mined by the Lanka Phosphate Company. ā¢ Current Progress: Following the August 2025 call for Expressions of Interest (EOI), 14 submissions were received from potential investors. ā¢ Next Steps: Based on evaluations, the Cabinet has greenlit the Ministry of Industries and Entrepreneurship Development to invite detailed project proposals from shortlisted eligible investors. ā¢ Strategic Objective: The project focuses on expanding downstream processing of locally mined resources to increase domestic value addition. ā¢ Economic Impact: Aims to strengthen the national fertiliser supply chain, reducing import reliance and supporting the agriculture sector through improved resource utilization.