Government defends Financial City despite protests

champikaThe Government today defended the decision taken to go ahead with the Financial City (Port City) project at Galle Face despite protests by fishermen.

Fishermen blocked the Colombo – Chilaw railway line in protest against the decision to extract sand from near Chilaw for the project.

However the Government said that environment impact assessments have been carried out on the project and the agreement on the project ensures there is no damage to the environment or marine life.

Minister of Megapolis and Western Development Patali Champika Ranawaka said that talks were granted to the fishermen to discuss the concerns raised over the project work.

However the Minister says the fishermen had demanded that the project work be suspended before talks can be held but the Government will not agree to such demands.

CHEC Port City Colombo (Pvt) Ltd, the Project Company for the Colombo Port City (CPC), signed a tripartite agreement with two government institutions in August this year for the project.

The agreement formally replaces the previous agreement signed on 16thSeptember 2014 between the then government of Sri Lanka and the Project Company.

The new tripartite agreement was signed following an announcement in March this year by the Government to lift the temporary suspension of work on the project until the Ministry of Megapolis and Western Development completed the Supplementary Environmental Impact Assessment (SEIA).  The SEIA was completed earlier this year, pursuant to a Development Permit issued by the Coast Conservation Department to recommence the project.

Together the Project Company and the Government envisage creating approximately 83,000 new employment opportunities within different sectors, attracting over US$ 13 billion in Foreign Direct Investments (FDI) from investors and developers from countries including India, Singapore, Malaysia and China while also increasing the number of tourists visiting Sri Lanka within the next 20-30 years. (Colombo Gazette)


  1. Ranil and UNP swept Elections in Colombo on the promise Port City Project will be scrapped. Once in Power he is doing the opposite and the UNP MP’s in Colombo are silent. This is what you call hoodwinking the masses. Masses or MS will hoodwink Ranil soon.

  2. The Port City project is national priority of ours Economic development and growth of National GDP is concern .
    It cannot undermined by so-called environment issues are created by vested interest of Foreign parties.
    So many small numbers of NGO are behind that delay tactics of Port City ongoing progress.

    The Govt. must resist these anti-social elements taking in overall important keep in mind, that take in consideration of Nation importance of Port city funded by PRC.
    Here is the capital investment from China Not any other choice other than any part of world.
    The current Capital market except China other are lack of capital investment.

    For ours national development urgently need such projects, to revitalization and shifted new economic sustainability in our Island.

    I demand that Port City project must put into fast track speed by current Govt.

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