Categories: Articles

LNP – Ranil calls for new Bill to regulate Port city

Former Prime Minister Ranil Wickremesinghe yesterday called for a dialogue between the Government and the opposition to come up with a fresh paper containing regulations to govern the Colombo Port City.

“Let’s all of us get together and discuss for two or three months and see how we can come up with a good paper to administer Colombo Port City,” Mr. Wickremesinghe said in his statement.

“During the last Government, I proposed setting up a financial centre, a modest one. This had nothing to do with the original plan for Colombo Port City. We decided to locate the Financial Centre within Port City. We decided to come up with a Bill in this regard”.

“Why do you want to alienate the ministry of finance from the Port City commission Bill? No country in the world has come up with such a Bill. The Commission has to be under the Central Bank. If not one has to conclude that the purpose of the Bill is to allow financial laundering,” he added.

Tyronne Jayamanne

View Comments

  • Some pragmatic advice from the former premier. As at now the opposition and the government is up in arms with regards to the controversial Port City commission Bill. Port City is a key engine for growth in the years to come and let everyone concerned handle it in that light. However skeptics argue that the purpose of the bill of to officially conduct financial laundering.

Recent Posts

LNP – Air Vice Marshal Sumanaweera to be appointed SLAF Chief of Staff

Air Vice Marshal Lasitha Sumanaweera will be appointed as the new Chief of Staff of…

8 hours ago

LNP – Govt. mulls action against SLTB drivers bypassing schoolchildren and citizens with season tickets

Discussions have been held at the Ministerial Consultative Committee on Transport, Highways, Ports and Civil…

8 hours ago

LNP – Colombo sees 7.7% land price surge

Property in Sri Lanka’s Colombo had risen 7.7 per cent in the second half of…

8 hours ago

LNP – CID investigates alleged plot to disrupt fuel distribution

The Criminal Investigation Department (CID) has launched an investigation into a complaint regarding an alleged…

8 hours ago

LNP – Naked man arrested for riding motorcycle to Kandy from Colomb

A man was arrested this morning by Kadugannawa police for riding a motorcycle from Colombo…

24 hours ago

LNP – Sri Lanka’s tourism earnings surge to $400 million in January 2025

Sri Lanka’s tourism industry recorded earnings of $400.7 million in January 2025, according to the…

1 day ago