Port City review committee hands over final report to PM

26 June 2020 12:07 am - 0     - {{hitsCtrl.values.hits}}

A A A

 

  • It recommended to submit the amendments in the ‘Port City Act’ to Parliament in order to get them approved

 

By Lahiru Pothmulla  


The eight-member committee appointed to review the Colombo International Financial City or the ‘Port City’, handed over its final report consisting of recommendations to Prime Minister Mahinda Rajapaksa, the Prime Minister’s Media Division said yesterday.   

Recommendations have been made in the report to proceed with the project in an effective manner after studying the programmes it has already implemented.   


Committee Chairman M. M. C. Ferdinando said they had also recommended to submit the amendments in the ‘Port City Act’ to Parliament in order to get them approved. 

 
He said according to the initial project plan launched under the then President Mahinda Rajapaksa, 233 hectares were planned to fill of which 108 hectares were to be given to the investor; 62 to the government and 63 as public spaces. The invest was USD 1.4 billion.   


“With the decision of the Yahapalana Government to suspend the project, the investors asked for a sum of USD 143 million as compensation. Instead of compensation, the government gave an additional 5.1 hectares to the investor so that they will have 113 hectares,” he said.   


He said the project was a good platform to attract investments into the country and that once the recommended draft legislature was given approval, the investors would be able to conduct their businesses in the investment zone without any obstacle.   


A copy of the report was handed over to Prime Minister’s Secretary Gamini Senarath. The other members of the committee including Nihal Jayawardane PC, Dr. Priyanga Dunusinhe, D. S. Jayaweera and Nalaka Jayaweera were also present at Temple Trees Wednesday evening when the report was handed over.     

 

  • They had also recommended to submit the amendments in the ‘Port City Act’ to Parliament in order to get them approved

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Bio Bubble Bursts on tissa safari drivers

Ukrainian tourists are visiting Sri Lanka at present with the involvement of

Army’s LRRP Ambush of LTTE’s Military Intelligence Chief

A news report in the Dailymirror last August stated that the Long Range Recon

“I don’t think Sri Lankans can be realistically ruled by force” -Ahimsa Wickrematunge

Twelve years after the assassination of Lasantha Wickrematunge, the founding

Decisions to be made in Sri Lanka’s hunt for the COVID-19 Vaccine

Around the world, governments are gearing up to roll out nationwide immunizat

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.