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Last Updated : 2024-03-28 16:05:00
President Maithripala Sirisena will declare the 269 hectares of reclaimed land at Port City as a territory of Sri Lanka in March after the necessary legal framework is passed in Parliament, Megapolis and Western Development Minister Patali Champika Ranawaka said yesterday.
Minister Ranawaka added that after declaring Port City a landmass constitutionally and legally belonging to Sri Lanka, it will be handed over to the National Housing Development Authority (NHDA) and in turn the NHDA will lease a part of the Port City to develop it as a Financial City to China Harbour Engineering Company Ltd. (CHECL) on a 99 year lease.
Addressing a news briefing at his office, Minister Ranawaka said the CHECL will launch a project in June to construct three high rises that contain 60 floors each at a cost of US$ 1 billion (Rs. 150 billion).
The special legal and administrative package that would govern financial, administrative, tax, rents and lease arrangements is being drafted by the Attorney General’s Department with the help of the Prime Minister’s office and the draft legislation will be presented to Parliament in April. As such, the Port City will not come under the purview of the Colombo Municipal Council, he said.
“Another US$ 800 is to be invested by CHECL to develop infrastructure at the Port City that will include a huge theme park for public use, an underground tunnel from Galle Face to Kollupitiya bordering the sea along the Marine Drive to ease traffic congestion on Galle Road, a light rail system from the Port City up to Katunayake are a part of the infrastructure development programme", Minister Ranawaka said.
He said organic soil made out of solid waste of Colombo will be used for land filling at the Port City and added Environment Impact Assessments (EIA) Feasibility Studies and tests for gavel, soil and pebble have also been done to ensure the strength of the ground and structures of Port City.
“The previous government had not done a single feasibility study or EIA relating to this major development project and therefore we had to start the project from a scratch,” Minister Ranawaka said. (Sandun A Jayasekera)
Royce Friday, 26 January 2018 09:52 AM
Do it before Feb Elections to see ! Not after, we are not born idiots anymore all bull talk for votes.
Tax Payer Friday, 26 January 2018 09:53 AM
Ah, okay, so it will not be Chinese land?
dg Friday, 26 January 2018 10:56 AM
Mr Champika, we already believe that the sea that is near gall-face is Sri Lankan territory!!!
Karu Friday, 26 January 2018 11:04 AM
Hope this project would make us a super power with no personal income tax in future.
Indika Friday, 26 January 2018 11:11 AM
Just like how you all built Volkswagen plant in 100 days!Well done guys! Keep Up!
SL Friday, 26 January 2018 12:46 PM
does it implies that the sea where the port city is built is belongs to someone else ? Come on.
law Saturday, 27 January 2018 10:06 AM
legally currently it belongs to no body, thats why SL has to declare it first.currently you can also go and claim this pece of land as your and need to defend it with a army than fine,
P. A. Deniyaya Friday, 26 January 2018 12:58 PM
This is just a boru show.
mnsmart Friday, 26 January 2018 04:30 PM
there will be insects in China too
Ajja Friday, 26 January 2018 05:12 PM
It will be handed over to the National Housing Development Authority (NHDA) .......Why NHDA as they have plenty of work to provide Housing for the Homeless.The right party is UDA-Urban Development Authority which comes under ministry of Megapolis.
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