Government keen to make Port City financial hub of South Asia

sajith-premadasa-unp-deputy-leaderThe Government says it is keen to make the Chinese funded Port City the financial hub of South Asia.

Minister Sajith Premadasa said that the future of the Port City project was discussed during Prime Minister Ranil Wickremesinghe’s recent visit to China.

Premadasa, who was part of the delegation which visited China, said that the Port City project will go down in history once it is completed.

He said that earlier the forger Government had agreed to give ownership of part of the property to the company involved in the mega project.

The new Government has however refused to allow the company to have ownership rights to the property and has sought amendments to the agreement on the project.

“We have looked to convert this project into something more productive. This will be one of the biggest financial hubs in South Asia with big investments flowing in once the project in completed,” Premadasa said at a public gathering in Anuradhapura.

Earlier this week China had said it hopes some outstanding issues on the Port City project are resolved so that work on the project can resume.

Chinese Foreign Ministry Spokesperson Lu Kang said that China also hopes that the two sides will maintain communication and reach agreement on unsolved issues at an early date to pave the way for the resumption of the project. (Colombo Gazette)

14 COMMENTS

  1. Sujith, tell your leader to appoint a capable Minister of Finance before dreaming a financial hub in Sri Lanka. Get the house in order first of you have failed to notice the blunders made so far.

  2. ane lajja nati minisu. api merila ipadune na. port city nawathwala dan keeyak dada gevannaveleda ?
    stop useless speaks. the all credit on this project must go to previous government.

  3. Sajith Talking through his hat. All Chineeses Projcts will be taken over in Lieu of the interest accrude due to Halting these projects after Jan 08 2015 iaccordence of the contract.The country is sold out by the present govt.

  4. Following in the foot steps of Mahinda Rajapaksa?? They say truth prevails in the end. So Sajith P eat humble pie and go ahead with the MR plans.

  5. Hey you big mouthed man who is the roughe’s son,DON’T YOU REMEMBER WHO INITIATED PORT CITY DEVELOPMENT PROJECT AND IT WAS THE GREAT FORMER PRESIDENT MR???
    STOP THESE BULLSHIT TALKS!!!

  6. The most important part of this Agreement is the change of selling Sri Lanka to China. The so called patriot, Mahinda sold Sri Lanka to China by giving a piece of Port City on freehold, which meant even the air space above that piece of land belonged to China. Congratulations to the new Government for changing it to leasehold.

    • The important part is that SL government has to pay indemnity close to 100 Million … stop being an accessory to this stupid yahapalana gobbayas incompetency any further for the sake of your children.

    • If it is ok for prosperous Western nations to sell properties, even larger than the size of Sri Lanka, to China, what’s wrong for Sri Lanka to sell a portion of reclaimed land as payment for this massive project, which cannot be financed by any other means? If the issue was only changing “freehold” to “leasehold”, then, why couldn’t the government negotiate it, whilst the project was going on, thereby saving billions of rupees now payable for breech of contract and also saving the employment of several thousands of family bread winners.

  7. Now … Bow to King Rajapaksa for organising this golden opportunity for you; specially incompetent politicians like you and Ranil. You are not even near your father on serving people. Only thing you have done for last one and half years is, bringing the Western criminals to destroy Sri Lanka. You have finally doing what Mahinda Rajapaksa started but damage is already done. Probably you should join Rajapaksa to rebuild the country. Current Yahapalana Government is proven to be a joke only; so please stop claiming others projects as yours.

  8. yahapalana gobbayas now going back to what Mahinda started. The sad part is that due to the stupid decision to halt the constructions when they came to power, now SL has to pay late fees close to 100 Million. Ranil and Ravi should be jailed for this crime, and Maithree should be impeached. If not, the Army should take over the country to stop these gross incompetent imbeciles ruining the economy further.

  9. I am not aware of any major project that the previous government initiated was bad for the country. They have been meticulously planned and each project that was completed fitted into their overall plan like a jigsaw puzzle. These projects were either disrupted or stopped by a petty minded revenge seeking mob, with no concern for the delay in country’s development. The country lost not only billions of rupees payable for breeching these contracts, but even the anticipated benefits the country would have achieved, by an year or two.

    Sajith Premadas should at least thank the previous President for overseeing these development projects, rather than try to take ownership of these plans.

  10. Hey MODA HARAKO!!! Tell all the photographrs to CHANGE YOUR PHOTO TO SUIT TO REPRESENT A DECENT,RESPECTABLE PERSON UNLIKE ONES THEY SHOW “AS IF YOU FOOL IS A REAL DICTATOR-RULER WHICH DOES NOT SUIT THEHUMBLE SINHALESE SRI LANKANS!!!

LEAVE A REPLY

Please enter your comment!
Please enter your name here