News, Picks

Colombo port city to compete against Dubai and Singapore

01 May, 2016

The Colombo port city, once completed, will compete against Dubai and Singapore as an economic hub, Prime Minister Ranil Wickremesinghe said today.

Speaking at the UNP May Day rally in Colombo today, the UNP leader said that the agreement on the port city project has been amended.

He said that the former Government was to use the port city to promote night racing and casinos.

However he said the new Government has decided to do away with?night racing and casinos and make the port city an economic hub in the region.

Wickremesinghe also said that the former regime had given port city land deeds but the new Government amended that clause in the agreement and gave the land on a 99 year lease.?(Colombo Gazette)

Recommended For You

Categories

 

 

 

 

Legal

Picture of the author

Colombo Gazette is a leading news and entertainment website, covering stories related to Sri Lanka. The content consists of text based news, photos and videos and is linked to social media websites including Facebook, Twitter and Instagram, to provide a wider coverage for its stories.

Copyright © 2026 Colombo Gazette. All rights reserved.

social icon
social icon
social icon
social icon
social icon