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Probe into Chinese exit from Cable Car Project

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Environment Minister Dammika Patabedi said yesterday he had ordered an inquiry into the withdrawal of China-based Amber Adventures (Private) Ltd., from the Ambuluwawa Cable Car Project.Addressing the media, the Minister said the Environment Ministry had no direct agreement with the company, as the project was under the purview of the Board of Investment (BOI).

He said construction activities within the Ambuluwawa Environmental Zone had been suspended following complaints from environmental organisations in the aftermath of Cyclone Ditwah. All constructions in high-risk areas, he said, had been halted pending clearance by the National Building Research Organisation (NBRO).

According to the Minister, complaints had been received that construction at Ambuluwawa was continuing without NBRO clearance.

In response, the Ministry instructed the Central Environmental Authority (CEA) to conduct an investigation and thereafter construction activities were suspended pending a technical assessment by experts.

The Ministry of Environment subsequently ordered the immediate suspension of all construction activities within the Ambuluwawa Environmental Zone until the assessment was completed, he said, adding that work could resume if expert evaluations cleared the project.

Following the suspension, Amber Adventures (Private) Ltd,, described as the country’s first cable car venture, formally withdrew from the project, citing what it termed “regulatory obstruction and arbitrary state action.”

The company, a major Chinese investor in the project, proposed as Sri Lanka’s first cable car initiative with both Chinese and American investment, officially informed the BOI of its decision on Wednesday (14). In a letter to the BOI, the company said it had obtained all required permits and approvals in line with BOI procedures but faced repeated disruptions that resulted in significant financial losses.

Company Director Yuan Yuping warned that legal action would be pursued at the International Court of Arbitration to recover losses incurred due to the suspension of the project, citing continuous interruptions and government decisions as the cause.

Meanwhile, the Ambuluwawa Trust Board said the withdrawal of investors from the project was a major loss to the country, noting that it was regrettable that decisions had been taken without proper investigation, based on allegations by parties lacking a clear understanding of the facts.

It warned that halting a large-scale project of that nature would result in the loss of direct and indirect employment opportunities, as well as income sources for communities in the surrounding areas.

By Chaminda Silva and SK Samaranayake ✍️



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Free 14 day visa extension for visitors unable to depart Sri Lanka

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The Department of Immigration and Emmigration has decided effective from 28th February 2026,  to grant a free fourteen  (14) day visa extension to all tourists who are unable to leave Sri Lanka  due to flight cancellations.

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Maldives Coast Guard Ship Huravee arrives in Colombo

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The Maldives Coast Guard Ship Huravee arrived at the Port of Colombo for replenishment purposes on 02 Mar 26. The visiting ship was welcomed by the Sri Lanka Navy (SLN) in compliance with time-honoured naval traditions.

The ship is a 48.9m long Offshore Patrol Vessel which is commanded by Lieutenant Colonel Ahmed Nafiu Mohamed.

Meanwhile, the ship’s crew is scheduled to visit several tourist attractions in the city of Colombo, during their stay in the island.

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AKD warns of far reaching economic consequences of Middle East war

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Anura

President Anura Kumara Dissanayake yesterday called for an immediate and peaceful resolution of the escalating Middle East conflict, warning that the crisis could have far-reaching repercussions on the global economy, including Sri Lanka.

Addressing Parliament, the President stressed that no military conflict benefited humanity, particularly at a time when destructive military technologies were rapidly advancing.

“Any military conflict does not create a favourable situation for any group of people,” he said, urging all parties to make urgent commitments towards peace. “As Sri Lanka, our position is that all parties involved in this war must, as soon as possible, take steps toward a peaceful world.”

He cautioned that Sri Lanka could not remain insulated from the fallout from the conflict, noting that disruptions to global oil and gas supplies, threats to migrant workers in the Middle East, and potential shocks to tourism, remittances, shipping and aviation were real concerns.

A national programme was being formulated to mitigate the impact, he said, adding that its success would hinge on broader international efforts to restore stability, the President said.

Acknowledging public anxiety shaped by past economic hardships, President Dissanayake said social stability could not be ensured through rhetoric alone but required tangible guarantees that citizens would not face another crisis.

While noting that the government had successfully navigated multiple challenges since assuming office, he described the Middle East situation as distinct due to the uncertainty surrounding its duration and outcome.

The government, he said, was closely monitoring developments. The Central Bank had conducted a review with a report on the likely economic impact expected shortly. The Ministry of Finance is also preparing an assessment of the potential effects on public life, alongside measures to ensure the uninterrupted provision of essential services locally and for Sri Lankans overseas.

“The primary responsibility for finding a path out of the crisis rests with the Government,” he said, calling on Parliament and the public to collectively confront the challenge under a unified national plan.

Providing a detailed account of the country’s energy reserves, the President said storage capacity rather than supply remained the key constraint. Excluding the Indian Oil Corporation tanks in Trincomalee, total storage capacity at Kolonnawa and Muthurajawela stands at approximately 150,000 metric tons.

Diesel stocks were currently sufficient for 33 days, with refining contributing around 1,800 metric tons daily. Petrol reserves will last 27 days, with a 35,000 metric ton shipment due on March 7 or 8 expected to extend availability to around 40 days.

Aviation fuel stocks are adequate for 49 days, supported by both daily refining and imports. Scheduled shipments include vessels from RM Parks on March 14, Sinopec on March 17, IOC on March 21 and the Ceylon Petroleum Corporation on March 28.

Crude oil supplies were sufficient to operate the refinery for 26 days, with an additional shipment expected to extend operations by a further 18 days, the President said.

“Because of this, there is no crisis regarding oil,” the President assured Parliament.

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