Port City now fully Sri Lankan owned?

Megapolis and Western Development Minister Patali Champika Ranawaka announced yesterday, The Urban Development Authority on behalf of the Government would shortly call for tenders from investors to construct an international school, hospital and an International Conference Hall at the Colombo Port City premises, .He said the future development work of the Colombo Port City would be carried out according to the tri-partite agreement. He said the government has been able to develop the lands of the Port City as several clauses of the agreement were revised.He further said that some plots of the Port City land would be leased to China Harbour Company shortly for the task of building the financial city as it has undertaken the responsibility to build it. Addressing the media yesterday at the Megapolis and Western Development Ministry, Minister Ranawaka said that obtaining the ownership of the total of 

1000 acres of this port city land was a great victory achieved by the present government.He said the Colombo Port City was now one hundred percent Sri Lankan-owned new asset to the people of this country.“The initial agreement was to sell a 20 hectare land area of the Port City to China while the rest will be given on a 99 year lease. But according to the agreement signed in 2016, the sale of 20 hectares has been taken out and the whole land will be given on a 99 year lease. As a result of that following the end of the lease period, Sri Lanka will claim full ownership of these lands.” said the Minister Champika ranawaka.

(GID)