Sri Lanka to firmly support, accelerate Port City development: PM

Prime Minister Mahinda Rajapaksa said yesterday that the government will firmly support and accelerate the development of the Colombo Port City project constructed by China to ensure that it will emerge as a new business hub in the island country.

The Prime Minister visited Colombo Port City along with Chinese Ambassador to Sri Lanka Cheng Xueyuan and other government ministers to officially declare the 269 hectares of land reclaimed from the sea for the project as part of the Colombo District.

The Prime Minister pledged to accelerate the implementation of the preferential policies of the Colombo Port City from the government level as early as January 2020 and strive to build the project into a new business card for Sri Lanka at the earliest, Colombo Port City said in a statement following discussions with the Prime Minister.

Colombo Port City is Sri Lanka’s largest foreign direct investment project and is expected to attract billions of U.S. dollars in investments in the coming years.