News

Govt. to review amended scope of Port City

The Cabinet of Ministers has approved the proposal presented by Prime Minister Mahinda Rajapaksa to appoint a committee of experts in the respective fields to review the amended scope of the Port city project and procedure used to revise the project following the government change in 2015.

In 2014, Colombo Port-City Development Project was commenced by Sri Lanka Ports Authority with CHEC Port City Colombo (Pvt) Ltd, as a Private Sector Investment.

After 08.01.2015 the original scope of the project has been changed as “Colombo Financial City” and a bill has been prepared under the directions of legal draftsman and assistance of the external consultants to set up special economic zone “Colombo Financial City”.