New agreement needs to inked to recommence Colombo City Project: Min. Senaratne

New agreement needs to inked to recommence Colombo City Project: Min. Senaratne

New agreement needs to inked to recommence Colombo City Project: Min. Senaratne

Written by Staff Writer

02 Aug, 2016 | 8:54 pm

Co-Cabinet Spokesperson Minister (Dr.) Rajitha Senaratne says that in order to re-commence the Colombo Port City Project, a new agreement needs to be inked and it needs to be approved by the cabinet.

He added that four cabinet bills were passed with regard to the Colombo Port City Project. The first three cabinet papers had details of the agreements and the amendments. The fourth details the amendments made to certain sections. It was noted that the land area of the motherland is given to China. There was a controversy on this. And India also voiced their protest against the project but an agreement was reached for the Government to take over the land. Therefore,  it is completely owned by the Government of Sri Lanka.

Journalists questioned whether compensation would be given to the respective company for the period where the project was stalled?

In reply, he noted that they had to pay them a sum of 150m but they have agreed to waive that amount and provide them two hectares of land.

He added that under the previous government the whole land belonged to the Chinese company. However, the development, maintenance and renovation must be done by Sri Lanka on their lands which was changed in the agreement, as the previous agreement did not read of any freedom to develop the two ports since it was a silent agreement with a separate clause.

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