President takes over key functions of Colombo Port City

Major functions including financial transactions of the Colombo Port City will be taken over by President Gotabaya Rajapaksa in accordance with the powers vested in him.

A Cabinet Memorandum is to be submitted seeking the approval of the ministers to directly bring Colombo Port City and three major functions of the project under the purview of the President to streamline its services in a sustainable manner, the Cabinet MOU revealed.

All financial provisions and transactions of the Project management unit of Port City will be coming under the initiative with the approval of the cabinet, Finance Ministry sources said.

The urban development of the Port City area, disposal of waste (garbage) and community cleaning in the relevant area will also be handled on the directions of the President.

President Gotabaya Rajapaksa has signed the documents relating to preliminary activities of this initiative on February 15, the sources said. (Bandula)