In addition, Google has disabled new project creation as of today, and the site will go read-only on August 24.

Google Code first launched in 2006 in an effort to address a lack of project hosting services for the open source community. As the company notes in its blog post, however, a number of other hosting services have cropped up since, and many projects have already transitioned away from Google Code. Google further explains its reasoning for the shutdown as follows:

As developers migrated away from Google Code, a growing share of the remaining projects were spam or abuse. Lately, the administrative load has consisted almost exclusively of abuse management. After profiling non-abusive activity on Google Code, it has become clear to us that the service simply isn't needed anymore.

For developers still using Google Code, the company notes that it has a number of tools available to help migrate your projects to other repositories such as GitHub, Bitbucket, and SourceForge.

Source: Google