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Port City Project Approved

Mar 23, 2016
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The Sri Lankan government officially informed the Chinese investors of resuming the construction of the multibillion dollar Port City project in the capital, one year after its suspension. The Ministry of Ports and Shipping, in an official letter to the CHEC Port City Colombo (Pvt) Ltd, said that the company could resume the construction of the project immediately.

The 1.4 billion dollar project which will be the first of its kind in South Asia began construction adjacent to the Galle Face Green and near the Colombo Harbour in September 2014 under the previous government. However, it was suspended by the new government of President Maithripala Sirisena in March last year, six months after it began construction. The new government said that the project needed to be reviewed.The Port City is expected to boost the local economy by generating millions of dollars upon its completion and generate over 80,000 jobs.

The project includes a marina and yacht club, a central boulevard, a sea view apartment complex and a five-star hotel, shopping and entertainment center, office space, a mini golf course, and many other modern facilities.

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