News
Port City Bill: PM predicts USD 15 bn in investments within five years
By Saman Indrajith
Prime Minister Mahinda Rajapaksa yesterday told Parliament that the majority of members and the Chairman of the Colombo Port City Economic Commission would be Sri Lankans.
The amendments would be incorporated into the bill in line with public proposals and the recommendations of the Supreme Court at the committee stage of the debate, the Premier said, adding that some of those amendments would be on the basis of changes proposed by other political parties.
Moving the bill for the debate, the Prime Minister said: “It was on Sept 17, 2014 the foundation stone was laid for the Colombo Port City during my tenure as the President by President of People’s Republic of China Xi Jinping. That mega project now has added 268 hectares to the landmass of our country. It was added to the Colombo District by the former government. Today, we are at the doorstep of a massive number of opportunities to make use of that landmass for the development of our motherland. To achieve such objectives it is a must that we should introduce changes for the existing legal and financial frameworks to change their parameters so that there would be a flow of investments to the country via the Port City. It is incumbent on any government to make such adjustments. Through this bill being debated here today, we hope to introduce such changes. If we make such adjustments properly this country would attract around 15 billion US dollars’ worth of investments during the next five years, as predicted by economists both local and foreign. As per the estimates of those economists, during the first five years the project would generate around 200,000 job opportunities for the construction phase and around 83,000 other permanent jobs. The commission to be set up to manage the port city would serve as a single window service provider for the foreign investors coming to invest in the Port City. We plan to provide them with all required services and facilities so that the benefits of their investments may flow into the country.”
SJB Colombo District MP Dr Harsha de Silva: We are not against the Port City project. We too understand that we as a nation are on the verge of a quantum leap to development. We are a nation trapped in a middle-income earning status trap. We cannot move neither forward nor backward.
We must convert this country into a nation of people who draw high salaries by creating complex and sophisticated goods and services. For that purpose we must join the rest of the world.
Labour Minister Nimal Siripala de Silva: There are huge differences in content between the speeches made by opposition MP Dr Harsha de Silva and his other colleagues in the opposition. Dr De Silva stated clear and loud that this bill was progressive and they would not oppose it. Others in the opposition state that the Supreme Court had bludgeoned the draft bill.
News
INS Sindhukesari arrives in Colombo
INS Sindhukesari, a submarine serving in the Indian Navy, arrived at the port of Colombo on 03 May 26 to undertake Operational Turnarounds.
The visiting submarine was welcomed by the Sri Lanka Navy in precision with naval traditions.
Throughout its stay in the island, the submarine’s crew is scheduled to participate in a variety of programmes organized by the Sri Lanka Navy, including visits to several tourist attractions in Sri Lanka.
News
Minister of Health of the Russian Federation attends the Sri Lanka–Russia Medical Forum
Mikhail Murashko, Minister of Health of the Russian Federation, officially visited the Russian House in Colombo to attend the Sri Lanka–Russia Medical Forum, where members of the Sri Lanka Russia Business Council and graduates from the Association of Sri Lankan Graduates from Socialist countries (ASLGSC) attended.
This historic gathering was graced by rectors and representatives from several world-class Russian medical institutions, including Kursk State Medical University, Sechenov First Moscow State Medical University, and Tver State Medical University, among others.
The forum commenced with an address by Minister Murashko, during which Russian medical graduates in attendance raised pertinent questions regarding medical and pharmaceutical sector opportunities in Sri Lanka.
Levan Dzhagaryan, Ambassador of the Russian Federation to Sri Lanka and the Maldives, together with Madam Maria L. Popova, Counsellor of the Embassy of the Russian Federation in Sri Lanka & the Maldives and Director of the Russian House in Colombo, graced the occasion. Both officials expressed strong support for continued collaboration and future initiatives between the two nations.
News
Members of Sri Lanka Cricket Transformation Committee Officially Appointed
The official appointment letters for the members of the newly established “Cricket Transformation Committee” (CTC) were handed over on Monday (04) by the Minister of Youth Affairs and Sports, Sunil Kumara Gamage.
The following members received their letters of appointment at the Ministry premises:
Sidath Wettimuny
Thushira Radella
Prakash Schaffter
Ms. Avanthi Colombage
The Ministry also noted that veteran cricketers Roshan Mahanama and Kumar Sangakkara, who are key members of the committee, are currently overseas. Their official appointments will be formalised immediately upon their arrival in Sri Lanka.
The Cricket Transformation Committee has been mandated to oversee the administration and drive structural reforms within Sri Lanka Cricket (SLC) in accordance with the powers vested in the Minister under the Sports Act No. 25 of 1973.
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