Colombo port city set to open in 2017

Ziggy | 05 Aug, 2014 01:57PM | Leave a comment
https://www.youtube.com/watch?v=ja4NjSDPAgw 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 450 acre.

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 November 2013