Port City land reclamation completed, construction to commence shortly

15 January 2019 12:21 pm Views - {{hitsCtrl.values.hits}} 6 Bookmark

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Land reclamation of the Financial City, previously known as the Port City, has been completed, the Ministry of Megapolis and Western Province Development said.

While land reclamation has been completed, construction of the city is scheduled to begin soon.

The Port City once completed, will be an extension of the Central Business District of Sri Lanka spanning 269 hectares of reclaimed land from the sea. The land will be developed as a residential, retail and business destination.

The development will comprise of five different precincts including the Financial District, Central Park Living, Island Living, The Marina and the International Island.

Functioning under its own special jurisdiction, the city will have its own economic and commercial laws that are to facilitate the operation of global multinational corporations.

Once completed, the project will have reclaimed 269 hectares with 116 hectares being handed over to China Communications Construction Company (CCCC), the parent company of China Harbour Engineering Company (CHEC).

The remaining land, owned by the Sri Lankan Government, will be divided with 62 hectares to be used to set up a financial city and 91 hectares to be used as public spaces.

Comments - 6

Gihan Tuesday, 15 January 2019 02:42 PM

So do we get to know what the 116 ha to be handed over to CCCC is to be utilised for?

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DG Tuesday, 15 January 2019 05:52 PM

In the given photo where is the 116 hectares of CCCC lying and SL held 62 ha or 155 Acres. Also how will SL held land is utilized as a matter for public to knowledge.

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NIHAL Tuesday, 15 January 2019 07:25 PM

HOW WE KNOW EXACTLY HECTARES 239 CORRECTLY MEASURED BY LATEST GPS TECHNOLOGY MORE OR LESS BY ONLY CHINA BUT WE DON'T HAVE LATEST TECHNOLOGY TO MEASURE IT AND HAVE TO AGREE WHAT CHINA SAY

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Ratnayake Tuesday, 15 January 2019 09:04 PM

It is great to see MR's initiative and great project has concluded the biggest milestone. Thank you MR.

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Dperera Tuesday, 15 January 2019 09:20 PM

Entire project will be completed by now, if there's no interruption.

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zarth Friday, 18 January 2019 01:34 PM

Does it mean that CCCC owns 116 hectares which is to say CHINA owns part of Sri Lanka ?????If so what MR tried to do fully has being done partially by RW.Awaiting a genuine clarification in this regard,

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