Orders made under the Colombo Port City Economic Commission Act No. 11 of 2021, published under the Gazette Notice 2339/31, were approved by the Parliamentary Committee on Public Finance (COPF).
According to a Parliament statement, a lengthy discussion was held regarding the 10 business companies active in the Colombo Port City and attention was paid to the problematic situations regarding the signing of contracts by these companies.
It was disclosed that these companies have entered into contracts under 3 methods. That is prior to the preparation of the port city, during the period of preparation of the port city, and post-preparation of the port city.
The COPF Committee pointed out that this agreement was not made according to one system with any legal basis and as a result, recommended that the opinion of the Attorney General be sought within 4 weeks and the Committee be informed about it.
The Committee Chair, MP Harsha de Silva pointed out that it is important to check the constructions carried out by these companies in this area.
Following a lengthy discussion in this regard, approval was obtained when the Committee on Public Finance met in Parliament on Tuesday (Oct 24) under the Chairmanship of MP Harsha de Silva.
Moreover, the Committee was informed that the Port City Commission had given permission to run two cryptocurrency exchanges, After which the Committee recommended to inquire on the said from the Central Bank and obtaining their opinion. (NewsWire)
