In The Press

Colombo Port City, generator for Sri Lanka's future economic development


Six years after breaking ground, the Colombo Port City, the largest foreign direct investment in Sri Lanka, is reshaping the local economy, generating new opportunities for regional development, and emerging as generator for the future economic development. Launched in 2014, the project was jointly developed by the Sri Lankan government and China's CHEC Port City Colombo (Pvt) Ltd. It reclaims 269 hectares from the sea to function as a brand new Central Business District (CBD) for Sri Lanka's capital Colombo. On Sept. 17, Sri Lankan Prime Minister Mahinda Rajapaksa inspected the Colombo Port City construction site to mark the sixth anniversary since the project. The prime minister said he hoped that the project would be completed soon, so that it would be a major economic boost for the island country.