Colombo Port City in Sri Lanka.
Colombo Port City is a proposed offshore city in Colombo, Sri Lanka which is planned to be built on reclaimed land adjacent to the Galle Face Green. The city will use construction resources from the Colombo Harbour Expansion Project.
The Port city is to be constructed between the Southern edge of the new Colombo South Port and the Fort Lighthouse. The total area of sea to be reclaimed is 4500 acres.
The construction was set to begin in March 2011 but due to several
circumstances the project was stopped. Mid 2012, Sri Lankan Port
Authority better known as SLPA announced that the construction of the
Colombo Port City project commenced on 17 September 2014. The budget is
estimated to be US$ 15 billion.
The reclamation will be carried out by China Harbor Engineering
Corporation, who has been
.
engaged by the investor. The investor itself
is expected put in another 2.5 billion US dollars into developing land
received. The balance will be sold on 99-year leases to potential
investors. The constructions of the port city is expected to be finished in 39 months, after starting in September 2014
According to sources, the project will approximately reclaim around
230 hectares which will be funded by a foreign investor. The plan has
been given approval by the Standing Cabinet Appointed Review Committee
(SCARC) and the port city will include roads, water, electricity,
communication facilities to set up shopping areas, water sports area,
mini golf course, hotels, apartments, recreation areas and also marinas.
Master Divers was given the contract to forward a soil report for
this project which in turn was handed over to the Chinese company to go
ahead with construction. Chairman of Master Divers, Ariyaseela
Wickramanayake said that they had conducted under water surveys and
other tests to identify the site for the project and the construction of
the artificial island has began.
