Sri Lanka’s port city project temporarily suspended

March 04, 2015 (LBO) - Sri Lanka’s controversial Chinese funded Colombo port city project has been temporarily suspended due to pending of an investigative report on the issue, Island’s Investment Promotion Minister said today.
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Investment promotion minister Kabir Hashim told LBO that the project approval has been violated the country’s law.

“For now it seems a breach of law. Ports authority who has involved in this project doesn't have the power to undertake a mixed development project like this," "It seems that Sri Lanka will have to incur a huge loss if we come across any issue. So the whole project is being reviewed and we have instructed them to suspend work," Hashim further stressed.
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The government has appointed a cabinet sub committee headed by the Prime Minister to review the project owing to the allegations of violating the country’s law.

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The committee will receive observations from attorney general, environment authority, ports ministry, board of investment and finance ministry before reaching a final determination.
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Hashim added that an investigative report will also be made available in several weeks.
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