Friday, 19 August 2016

Colombo Port (Financial) City; Govt. swings into action

The Cabinet of Ministers formally approved the ambitious Colombo Port City Project, perceived as Sri Lanka’s model of the future for business, leisure and offshore banking.
This venture with the People’s Republic of China was initiated by the previous Mahinda Rajapaksa administration. It became the object of bitter criticism by the United National Party (UNP) and the Sri Lanka Freedom Party (SLFP) – pro Sirisena faction – both during the presidential and parliamentary elections last year. Speakers on almost every platform charged that it raised environmental issues and compromised Sri Lanka’s sovereignty. Some even alleged that there was corruption over this unsolicited proposal.
(Source: Sri Lanka Mirror)

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