New committee to study port city project

Port-CityThe Government today said that it had appointed a fresh committee to study the possibility of continuing the port city project.

Cabinet Spokesperson Rajitha Senaratne said thata proposal had been made by Prime Minister Ranil Wickremesinghe to the cabinet this week to appoint a committee of high ranking officials to consider the ability of permitting the continuation of the project which has remained suspended since March.

“As per the recommendations of the committee appointed to review this project the construction work has currently been suspended. The proposal made by the Prime Minister, to appoint a committee of high ranking officials chaired by the Secretary to the Prime Minister for considering the ability of permitting the continuation of this project after correcting the lapses and procedures was approved by the cabinet of ministers,” Senaratne said.

The 1.4 billion US dollar port city project funded by China Communications Construction Company LTD. was suspended by the new Sri Lankan government which took office in January after concerns were raised over some aspects of the project.

Sri Lanka’s Deputy Minister of Highways Eran Wickramaratne recently said that there was no corruption involved in the Colombo Port City project and the only concern was if the proper procedures had been followed.

The project began construction in September 2014 and is expected to attract 20 to 25 billion US dollars of foreign investments once completed.

7 COMMENTS

  1. May be to negotiate some more donations / money for the election fund of UNP. See its secretary is again, none other than the Sec to Prime minister!. What a joke at the expense of the country.

  2. Colombo port expand project is nationally vital for our economy development and job creation is funded by China.
    In the beginning 2005 that MR model and path of economic development acted promptly to improve sustainability of national development ,by bridging Colombo port project.

    Needless t say t he well known fact that Port projects will bring positive results many years to come, that will including steady economic growth and redress the economic structure.

    The proposed port project rapid economy progress as follows;

    1 We are having an opportunity drive our economy that bring reasonable growth of National GDP.

    2 We were able to created substantial capital required for agriculture ,industries and services for the industries.

    3 The substantial progress of large job creation and stabilizing domestic market and healthy urbanization.

    4 Port city will improved sustainability of path of capitalist development. The combine stable progress in entire system, that new experiment promptly will create healthy result.

    5 National income will be more than double, result of that people’s living stand be improved unprecedently.

    We as nation can assure that chances of achieve economic and social stability and prosperity by Port City proposed project; will definitely contributions provide a better economic environment and positive conditions for foreign enterprise and an Investment in Sri lanka.

    This new reality of our national opportunity has been denied by UNP-Ranil.W… and CBK that led by MS regime!

  3. Today, when the entire world, Europe & the West are gobbling up China investments, whom are we tryng to please??????

    Ranil. Sira / CBK are taking us back to the stone age as there never will be stability or any development in the country other than selling govt assets.

    Alienating from China, SL will loose big time and America will be happy with puppet leaders and jokers like Rajitha who are sefish & self centered.
    We will be destitute and paupers.

    Latest countries to benefit are the Latin Americans. China is investing heavily. We kick away a rich inestor to appease India & America. Its a curse.

  4. Nice read, I just passed this onto a friend who was doing some research on that. And he just bought me lunch since I found it for him smile So let me rephrase that Thank you for lunch! Whenever you have an efficient government you have a dictatorship. by Harry S Truman. gddafbkddeceagka

Leave a Reply to Jayan Cancel reply

Please enter your comment!
Please enter your name here