Handing over of 269 Hectares (2.6 square kilo meters )of land belongs to Colombo Port City to Sri Lanka has been held this evening (07) under the patronage of Prime Minister Mahinda Rajapakshe and Chinese officials .
Accordingly an additional 2.6 square kilo meters of land will be added to the 25,332 square kilo meter Sri Lankan land from today .
The Colombo port city project had been inaugurated during Mahinda Rajapakshe regime in September 2014 and the government then had permanently given 20 hectares of land to china ,However the good governance government came to power in 2015 had rerversed the ownership of the given land after feasible studies and given 112 hectares of land to china for the port city project on basis of lease for a 99 year period .
Adter handing over the new land area sri lankan government now can sell the properties of the land on rental basis for business purposes .
Meanwhile the second phase of Port City project will begin tomorrow (08)and under this phase electricity ,Road facilities and sewege facities will be developed .
China Harbour Engineering Company had invested US Dollars 1.05 million at the begining of the project.
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