Economics of the Colombo Port City Project

Image courtesy Yamu

by Sam Samarasinghe 

- on 02/09/2015 

The government recently took a cabinet decision to go ahead with the $15 billion Colombo Port City Project (CPCP). Cabinet spokesperson Dr. Rajitha Senaratne, trying to justify the decision told the media that it was a “business venture” done together with one of Sri Lanka’s “long-standing friends,” China. A day later Prime Minster Ranil Wickramasinghe in a statement to parliament drew back from the announcement that Senaratne made. The Prime Minister had stated that the information on the project was “incomplete” and that some environmental reports were missing. This indicates some indecision and reservation about the project.
Economics of the Colombo Port City Project by Thavam Ratna