Development of the Colombo Port City as a financial hub commences this year

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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.

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