Phase I of Logistics City underway

Published : 9:58 am  January 31, 2017 | No comments so far |  |  (534) reads | 

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The first phase of the Logistics City was initiated by the Megapolis and Western Development Ministry last week.   
Addressing the ceremony, subject Minister Patali Champika Ranawaka said the Port City, which was opposed by many, was restarted under a new concept with the intervention of the Prime Minister.

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“The land which was scheduled to be completed and taken up for construction in 2019 will be ready by 2018. Thirty per cent of land reclamation is completed and we will get the 269 hectares that was allocated for investments in 2018,” the minister said.
He said the adjacent areas including the land around Beira Lake would be developed simultaneously. This area, he said,  would be developed into a commercial hub with the help of a Singaporean company.


“The Financial City would be connected to the commercial hub in Pettah with the construction of a bridge across the Kelani River and the multi-modal transport hub that is scheduled to begin construction next year. Public transportation services in the country will also be developed with an investment of a whopping Rs. 7,000 million which will install a Light Railway Transit (LRT) system and new buses. On the other hand, the transportation industry will be developed with funds and aid from the Asian Development Bank. Battaramulla will be transformed as the administrative city and relevant infrastructure is underway. Plans are also being made for a more organised supply of utilities such as water, electricity, waste and stormwater disposal,” Minister
Ranawaka added.