Press briefing of Cabinet Decision taken on 2017-02-14

Procurement of IT Infrastructure facilities for the Government Securities Market

- The Cabinet has granted approval for the procurement of a state-of-the-art electronic trading platform with information technology infrastructure facilities with the objective of expanding of the Government Securities Market, enhancement of the transparency of its activities and to have the benefit of price discovery. Taking into consideration, the complex nature of the procurement, the proposal made by Hon. Ranil Wickremasinghe, the Prime Minister, in his capacity as the Minister of National Policies and Economic Affairs, to call for quotations under the Two Stage Bidding Procedure, in accordance with the Government Procurement Guidelines, as recommended by the Cabinet Appointed Procurement Committee (CAPC), was approved by the Cabinet.