Port City Construction Could Resume Immediately, Sri Lanka Officially Informs Chinese Company

The 1.4 billion dollar project which will be the first of its kind in South Asia began construction adjacent to the Galle Face Green and near the Colombo Harbour in September 2014 under the previous government.

The Port City is expected to boost the local economy by generating millions of dollars upon its completion and generate over 80,000 jobs.

After the New Good governance Government came into power, Port City Project was suspended pending clarification on important issues.  All required clarifications were provided by the  Chinese  government .

Followed by this, At its meeting held on March 9, 2016, the Cabinet of Ministers has granted approval for the project to resume immediately.

Accordingly the suspension effected letter dated March 6, 2015,  was  withdrawn with effect from Monday,,14th March 2016″ the Ministry said.

One year after its suspension, the Sri Lankan government on Monday officially  informed the Chinese investors to resume the construction of the multi billion dollar Port City project in the capital.  the Chinese state-run Xinhua agency said.

The Ministry of Ports and Shipping, in an official letter to the CHEC Port City Colombo (Pvt) Ltd, said that the company could now resume the construction of the project immediately.

The Port City is also vital in the government’s megapolis development program which was launched this year and is set to transform the capital and its suburbs in the coming years, Xinhua agency also said.