Sri Lanka: Phase I of Colombo Port City Project Begins Next Month
- Business & Finance
Phase I of Sri Lanka’s proposed offshore city, the Colombo Port City, is to start in September this year after completing all necessary requirements and legal documentation including Environmental Impact Assessment and signing of agreements with all connected parties of the project, a senior official of Sri Lanka Ports Authority (SLPA) revealed.
The land filling work under Phase 1 of the project will commence in two months from September and it is scheduled to be completed in 24 months, while the whole project will be completed in 39 months, he said.
Some 233 hectares of water front sheltered by a 3.300 m long breakwater will be reclaimed under this US$900 million mega investment project.
China Harbour Engineering Company Ltd, a partnership of the China Communication Construction Co. Ltd, is the main contractor, and they will undertake land reclamation works, breakwater construction, connected road network, etc.
The company has expressed willingness to invest $2 billion to create other facilities, SLPA official said.
Source: slpa.lk, August 13, 2014