Minister Patali Champika Ranawaka participating in the committee stage discussion on the budget in parliament today said that the Colombo Port city will be developed as a financial hub from this year.
A Marine city will be created between Kollupitiya and Dehiwala. During the last three years a large number of houses have been constructed in urban areas including Colombo.
The profit earned by the Urban Development Authority since 2015 has shown a fourfold increase. A formal programme is now operative for waste management.