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Port city project to start soon: Arjuna

Colombo Intl. Maritime Conference to address growing regional trade potential: JOC.com - See more at: http://www.ft.lk/article/437281/Colombo-Intl--Maritime-Conference-to-address-growing-regional-trade-potential--JOC-com#sthash.iuG5vsjo.dpuf
JOC.com Executive Editor to speak in Colombo for CIMC 2015 - See more at: http://www.ft.lk/article/437281/Colombo-Intl--Maritime-Conference-to-address-growing-regional-trade-potential--JOC-com#sthash.iuG5vsjo.dpuf
JOC.com Executive Editor to speak in Colombo for CIMC 2015 - See more at: http://www.ft.lk/article/437281/Colombo-Intl--Maritime-Conference-to-address-growing-regional-trade-potential--JOC-com#sthash.iuG5vsjo.dpuf
JOC.com Executive Editor to speak in Colombo for CIMC 2015 - See more at: http://www.ft.lk/article/437281/Colombo-Intl--Maritime-Conference-to-address-growing-regional-trade-potential--JOC-com#sthash.iuG5vsjo.dpuf
JOC.com Executive Editor to speak in Colombo for CIMC 2015 - See more at: http://www.ft.lk/article/437281/Colombo-Intl--Maritime-Conference-to-address-growing-regional-trade-potential--JOC-com#sthash.iuG5vsjo.dpuf
JOC.com Executive Editor to speak in Colombo for CIMC 2015 - See more at: http://www.ft.lk/article/437281/Colombo-Intl--Maritime-Conference-to-address-growing-regional-trade-potential--JOC-com#sthash.iuG5vsjo.dpuf
JOC.com Executive Editor to speak in Colombo for CIMC 2015 - See more at: http://www.ft.lk/article/437281/Colombo-Intl--Maritime-Conference-to-address-growing-regional-trade-potential--JOC-com#sthash.iuG5vsjo.dpuf
JOC.com Executive Editor to speak in Colombo for CIMC 2015 - See more at: http://www.ft.lk/article/437281/Colombo-Intl--Maritime-Conference-to-address-growing-regional-trade-potential--JOC-com#sthash.iuG5vsjo.dpuf
JOC.com Executive Editor to speak in Colombo for CIMC 2015 - See more at: http://www.ft.lk/article/437281/Colombo-Intl--Maritime-Conference-to-address-growing-regional-trade-potential--JOC-com#sthash.iuG5vsjo.dpuf
Over 25 internationally renowned speakers will address the Colombo International Maritime Conference (CIMC) 2015. - See more at: http://www.dailynews.lk/?q=business/colombo-international-maritime-conference-cimc-launched#sthash.fgrP45YQ.dpuf
Colombo International Maritime Conference (CIMC) launched - See more at: http://www.dailynews.lk/?q=business/colombo-international-maritime-conference-cimc-launched#sthash.fgrP45YQ.dpuf
Colombo International Maritime Conference (CIMC) launched - See more at: http://www.dailynews.lk/?q=business/colombo-international-maritime-conference-cimc-launched#sthash.fgrP45YQ.dpuf
Colombo International Maritime Conference (CIMC) launched - See more at: http://www.dailynews.lk/?q=business/colombo-international-maritime-conference-cimc-launched#sthash.fgrP45YQ.dpuf

Work on the Colombo Port City project will begin soon as it has not been cancelled, Ports and Shipping Minister Arjuna Ranatunga informed Parliament yesterday.

The Minister said work on the project was suspended as there were some serious issues pertaining to the legality as well as environment issues. He said a legal issue did exist on the ownership of the port city land which had been given to China though there was no legal provision for such a move. He said land could only be leased out according to the law. However he said these issues would be resolved soon.

Mr. Ranatunga was responding to some queries made by opposition MP Bandula Gunawardne who called for the resumption of the project.

The Minister who also responded to a comment made by MP M. L. A. M. Hisbullah said one should look into the environment aspect as well. “What are we going to do if the sea erodes into the lands creating a huge disaster?" he questioned while claiming that there was a risk of Wattala and Mount Lavinia going under water because of the project.

Mr. Gunawardene said Sri Lanka would lose a great opportunity if the project did not get off the ground. He said nearly 100,000 job opportunities would be lost in such an eventuality. The MP also questioned the role of India with regard to the Port city project. Accordingly he said India should realize that Sri Lanka was a country trying to get its development drive going.

A total of 90% of the world’s trade is moved through shipping and is considered as the wheels of global trade. It helps the global economy propel and develop new markets to create wealth among nations.
In this context, Sri Lanka known to be a historical maritime nation is poised to play a major role in the coming decades to service the Indian Subcontinent and Asia as a mega transhipment hub.


Post-conflict Sri Lanka is a great opportunity for global investors to establish Indian Subcontinent’s shipping and logistics hub as the country amalgamates the regional ports and connects regional trade through the main east-west shipping route to the rest of the world. All predictions are that Indian led growth will see many shipping and logistics opportunities in the Indian Subcontinent.
Sri Lankan ports will be a catalyst and could work with synergies with regional ports to enhance efficient shipping solutions to provide competitive and speedy market needs that would help global trade. Since liberalising the economy in 1977 and post conflict Sri Lanka has invested steadily in its maritime infrastructure and is known to be the most liberalised country in South Asia. Colombo is the only regional port as at now that offers facilities for current generation (EEE) mega ships.
However the country has been slow in its marketing and promotional efforts to showcase its advantages to the world. The Colombo International Maritime Conference (CIMC) 2015 is the first effort in this regard to position the country’s shipping, logistics and maritime sector. The event is supported by the Government of Sri Lanka, private and public sector institutions and associations along with international and local chambers and many international organisations and institutions related to the industry.
The conference will be addressed by international, regional and local speakers who are representatives of major international institutions and business entities related to the shipping industry. The conference organisers would like to carry the message of Sri Lanka’s and the region’s opportunities in the maritime sector to the world. 


The International Maritime Organisation (IMO) which is the key body of the UN related to the maritime sector has specially endorsed this Colombo conference through a message from its Secretary General Koji Sekimizu. 
Importantly 2015 the IMO theme is maritime education and training which coincides with the UN changing from millennium development goals to sustainable development goals to ensure a better planet for its people. In this regard Sri Lanka will play a significant and an important role in the maritime map of the world in the years to come and the sector will help elevate the standards of living in Sri Lankan people and the Indian Subcontinent.
The conference will be held from 24-26 September in Colombo, Sri Lanka. More information can be found on website www.cimc2015.com.

- See more at: http://www.ft.lk/article/437281/Colombo-Intl--Maritime-Conference-to-address-growing-regional-trade-potential--JOC-com#sthash.iuG5vsjo.dpuf

(DM - 27062015)

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