The State Resources and Investment Promotions Ministry is seeking a private sector investor for the venture soon.
The Sri Lanka Cement Corporation has already commenced restoring the KKS cement factory while taking action to assess the quality of the stock of clinker available within the premises.
Chairman of Sri Lanka Cement Corporation Sisira Paranagama has said the Corporation was currently looking at several options to resume cement production.
The Corporation had imported 36,260 metric tons of ordinary Portland cement in 2010 under the 'Kankesan' brand and sold at prices below market prices in order to supply quality cement at affordable prices.