Friday, August 12, 2016

Sri Lankan Government Has Signed A New Tripartite Agreement With CHEC Port City Colombo Private Limited By Replacing Previous Agreement

Sri Lankan government has yesterday (12) signed a tripartite  agreement with the CHEC Port City Colombo Private Limited,the project company of the china funded port city project in Colombo to name Colombo as international Financial City replacing the former
Colombo port city.

By signing the agreement CHEC port city Colombo Private Limited has issued a written letter to Sri Lankan government by stating the company will withdraw all compansation claims from the government for suspending the project to study the enviornmental Impact of the project.

The new trpartite agreement will replace the previous agreement signed between the previous government and CHEC port city  Colombo Private Limited on 16th of September 2016.

The Ministry of Mega Police and Urban Development
and Urbsn Development Authority have signed the agreement behalf of the government.


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