Home / Front Page/ Govt. to invest $ 1 b on utility services in Port City

Govt. to invest $ 1 b on utility services in Port City

Comments / {{hitsCtrl.values.hits}} Views / Saturday, 1 September 2018 00:00


  • Port City the new pearl in Indian Ocean: Champika
  • To be connected to LRT
  • Confident of significant returns on investment in 10 years 

 The Government is set to invest $ 1 billion to supply electricity and water to the Port City, Megapolis and Western Development Champika Ranawaka announced yesterday in an interview given to China Central TV.

“We will be supplying electricity and water to the Port City and the Government will invest in it. We are confident that we can earn back the money through the new land acquired in the Port City within 10 years,” he told the TV station during an interview recorded at the Port City construction site.

Elaborating on the infrastructure, the Minister said the newest addition to Sri Lanka’s coast line would also be connected to the proposed light rail system. The city will also be connected to the country’s growing highway network and railway system, he said.

Calling the Port City the new pearl in the Indian Ocean, Ranawaka said the new development was set to bring economic opportunities to the region.

"The Port City will benefit not only Sri Lanka, but East Africa, Central Asia and Western Asia as well," he said.

Share This Article


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

Overcoming the crisis: The second freedom struggle

Friday, 14 December 2018

The crisis that has been developing in Sri Lanka, manifesting itself in varied forms at different times since independence, has now taken the form of a constitutional crisis, threatening the survival of the Sri Lankan State. Regardless of the Court

Getting more women in the workforce

Friday, 14 December 2018

The current female labour force participation in Sri Lanka is around 36%. This means that a disproportionate majority of women still remain outside the labour market, with limited or no access to wages, pensions and other benefits tied to gainful emp

Our chit-chat – Can conversations make a nation?

Thursday, 13 December 2018

We are living through fascinating times dominated by online conversations with offline taking backstage. From the Arab spring to Yellow vests in France, the online has proven its potential and power – be it destructive or constructive! A reading o

The vote, the verdict, and the TNA ‘backstop’: Beyond ’56

Thursday, 13 December 2018

“Leader of PLOTE and TNA MP D. Dharmalingam …stated that he believes that Ranil Wickremesinghe has handed in a written assurance of several promises. …The promises are said to include agreements on constitutional amendments, freedom for politi

Columnists More