Colombo Port City project back on track
China's biggest investment project in Sri Lanka, the
Colombo Port City Project which was suspended for months by the new
government is to continue.
Deputy Minister of Public Enterprise Development Eran
Wickramaratne yesterday (April 07) said, the Colombo Port City Project,
funded by China, was recently given green light to resume after it was
suspended by the government in March last year due to environmental
He said that the project will now be granted a special
status as a unique financial and business district of Sri Lanka and will
be included in the government's mega development plan.
"The Port City will become a special financial and
business district of Sri Lanka which will have its own laws. Of course
the Supreme Court of Sri Lanka must have the final say," he said.
There will be a separate financial and legal system
operating in the Port City "where people can come and transact business
internationally," according to the deputy minister.
Courtesy: Department of Government Information
Development Past News 2016