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Port City: First project worth USD 100 billion to get underway

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The first project of the Colombo Port City with an investment of USD 100 billion would be implemented in two phases by the Board of Investment (BOI), the Parliament Committee on Public Finance was told.

Parliament sources said that the Committee on Public Finance chaired by Anura Priyadarshana Yapa, had met in the Parliament complex, and been informed that the first phase of the establishment of this International Financial Centre, scheduled to be completed in 2025, would consist of an international grade – A high rise office tower, two high end residential towers and a retail podium.

Relevant order for recruitment of employees has been presented under the Strategic Development Projects Act. Accordingly, 75% of unskilled workers, skilled workers and higher-level employees will be recruited locally.

However, the Committee on Public Finance emphasized to the Board of Investment that such projects, which provide a number of tax concessions, must make a direct contribution to the overall economy of the country and the Committee approved the project.

In addition, the Committee on Public Finance approved the export quality tyre manufacturing project of ‘Ceylon Tyre Manufacturing Company (Pvt) Ltd.’, which is scheduled to commence this July inside the Hambantota International Port premises.

This project is expected to commence its commercial operations after 36 months. At this meeting BOI Chairman Dr. Sanjaya Mohottala, stated that although this is a project that will receive huge tax relief, the benefits will accrue to local rubber planters.

Committee Chairman Anura Priyadarshana Yapa, inquired from the BOI Chairman regarding the systematic increase in rubber production in the country. State Minister Susil Premajayantha drew the Committee’s attention to the high prices of Sri Lankan domestic products compared to other countries and Minister Vidura Wickremanayake also said that the tax relief received by foreign companies should flow to local industrialists as well.

At this meeting BOI Chairman Dr. Sanjaya Mohottala, was commended by all members of the Committee on Public Finance, including Dr. Harsha de Silva, for his professionalism.

Committee Chairman Anura Priyadarshana Yapa, Minister Sarath Weerasekera, State Ministers Susil Premajayantha, Vidura Wickramanayake, Dr. Nalaka Godahewa, MPs M.A. Sumanthiran, Dilan Perera, Dr. Harsha de Silva, Nalin Fernando, Anupa Pasqual, Prof. Ranjith Bandara, Isuru Dodangoda and Sahan Pradeep were present at the meeting.

It is also noteworthy that in the face of the prevailing Covid 19 situation, the relevant government officials were contacted, online, for the Committee in line with the health regulations.



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Engineers draw red line as CEBEU warns of union action over appointed date

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Engineers at the Ceylon Electricity Board have drawn a clear red line over the government’s plan to gazette the appointed date for restructuring the utility, warning that trade union action will follow if the move is pushed through without addressing their core demands, the Sunday Island learns.

The powerful Ceylon Electricity Board Engineers’ Union (CEBEU) says preparations are already under way for industrial action, most likely after the appointed date gazette is published, should the Minister proceed without resolving outstanding issues raised repeatedly by engineers.

“If the appointed date is gazetted without addressing our demands, we will have no option but to take trade union action,” a senior electrical engineer told The Island, stressing that the warning should be taken seriously.

CEBEU sources say the engineers’ demands are aimed at preventing a structural and financial crisis in the electricity sector, rather than blocking reform. They insist that unbundling the CEB without first putting in place firm safeguards would expose the sector to instability and consumers to higher costs.

The engineers’ key demands include: legally binding financial safeguards to ensure the proposed Electricity Generation Company is viable from inception; protection against the transfer of legacy liabilities, extraordinary costs, or inefficiencies to new entities or electricity consumers; enforceable accountability for management and policy decisions that inflate system costs; genuine, structured consultation with technical professionals before irreversible decisions are taken; and a halt to gazetting the appointed date until these safeguards are formally incorporated.

Engineers warn that rushing the appointed date would lock existing weaknesses into the new structure, making them harder—and more expensive—to fix later. “Once the appointed date is gazetted, there is no rewind button,” a senior engineer said. “If the foundation is flawed, the entire structure will suffer.”

Meanwhile, according to energy analyst, Dr. Vidhura Ralapanwe, electricity sector reforms must be grounded in technical and financial reality, not driven by administrative timelines.

He has cautioned that implementing structural changes without correcting underlying governance and cost issues risks destabilising the sector and undermining public confidence.

CEBEU officials reject claims that the union is resisting reform. They say engineers are being sidelined in decision-making while being held responsible for system performance. “We are accountable for keeping the system running, but our professional warnings are being ignored,” one engineer said. “That is not reform; it is reckless governance.”

With the Minister yet to gazette the appointed date, tensions within the power sector are rising sharply.

Engineers say the government now faces a stark choice: engage with professionals and fix the problems first—or brace for confrontation in a sector where disruption will have coutrywide consequences.

By Ifham Nizam ✍️

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Navam Perahera and sacred relics exhibition at Gangaramaya

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The annual Colombo Navam Maha Perahera, along with an exhibition of sacred relics brought from India, will be held at Gangaramaya Vihara in Hunupitiya, featuring a series of religious observances, according to Most Venerable Dr. Kirinde Assaji Thera.

Addressing a media briefing on Friday, the Venerable Thera said the Perahera will take place on January 31 and February 1, commencing at 7.30 p.m. and concluding before 10.00 p.m., after parading through the streets of Colombo.

He said specially decorated floats have been prepared to depict key historical events, enabling foreign visitors to better understand Sri Lanka’s cultural and religious heritage. The floats will portray significant moments such as the arrival of Arahat Mahinda, the bringing of the Sri Maha Bodhi, and the arrival of the Sacred Tooth Relic, and will be performed by leading local artistes.

The procession is expected to feature around 8,000 dancers and elephants, representing a wide range of traditional dance forms.

The exhibition of sacred relics from the Devnimodara Shrine in India will be held at Gangaramaya Vihara from February 4 to 11. The Venerable Thera urged devotees to visit the temple dressed in white and to refrain from bringing valuables or large items of luggage. He added that necessary facilities have been arranged to accommodate the large number of devotees expected.

Meanwhile, Minister of Buddhasasana, Religious and Cultural Affairs Dr. Hiniduma Sunil Senevi said a mobile application will be introduced to inform devotees of the approximate date and time allocated for venerating the Sarvagna Dhathu, in a bid to manage crowds more efficiently.

Senior DIG in charge of Colombo G. Nishantha de Zoysa said a special security plan has been implemented with the assistance of the tri-forces, in accordance with instructions from the Ministry of Public Security and the Inspector General of Police. He added that a comprehensive traffic management plan, including alternative routes, has been prepared, and that detailed police announcements will be issued shortly. The Senior DIG also advised the public not to carry large luggage, jewellery, mobile phones, or other valuables when visiting the exhibition.

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CID sleuths still plodding on with their probe into controversial Grade 6 English module

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The CID has so far recorded statements from 15 individuals in connection with the Grade 6 English module, police headquarters sources said yesterday.

The CID stated that several officials of the National Institute of Education (NIE), Maharagama, are among those from whom statements have been obtained.

On Thursday, the CID also recorded a statement from Venerable Ulapane Sumangala Thera.

Several parties, including the Secretary to the Ministry of Education, had previously lodged complaints with the CID regarding the inclusion of the name of an inappropriate website in the Grade 6 English module.

by Norman Palihawadane ✍️

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