Port City will become a World Class city in South Asia: SL Ambassador in China
Sri Lankan Ambassador to China Dr. Karunasena Kodituwakku said the Colombo Port City would generate immense benefits to the national economy.
He was addressing a function Chengdu, China to mark the Second High-level International Forum on Sustainable Urban Development and participate in the Panel Dialogue on Improving Urban Quality by Creating Garden Cities. A copy of his speech was made available by the Sri Lankan embassy in Beijing. He said as announced by the investor CHEC Port City Colombo owned by China Harbour Engineering Company, the completed Port City will have 5.6 million square meters of build-up space, some of the best in design in terms of Grade A offices, medical and educational facilities, integrated resorts, a marina, retail destinations, hotels, and various other lifestyle developments.
“The investor is using the latest sustainable city design and smart city concepts. The total expected investment is US$ 15 billion. The declared vision of the project is “Building a World Class City for South Asia”. This kind of well-planned
The declared vision of the project is “Building a World Class City for South Asia”. This kind of well-planned people-friendly cities are ideal for inhabitants who live and work there. This kind of flagship projects can generate immense benefits to national economies. However, due to the huge financial investment involved, only very rich clients can benefit from them
people-friendly cities are ideal for inhabitants who live and work there. This kind of flagship projects can generate immense benefits to national economies. However, due to the huge financial investment involved, only very rich clients can benefit from them,” he said.
He said, “The flagship mega urban development project now under construction in Sri Lanka is the Colombo International Financial Centre, popularly known as the Port City of Colombo. This is a brand-new city spanning 269 hectares, nearly 3 square kilometres, is a one of the biggest investment under the Belt and Road Initiatives. It is a sea-reclamation project adjoining the main Colombo financial centre. This new Port City will comprise of five different zones; (i) Financial District; (ii) Central Park Living; (iii) International Island; (iv) The Marina; and (v) Island Living.
As announced by the investor CHEC Port City Colombo owned by China Harbour Engineering Company, the completed Port City will have 5.6 million square meters of build-up space, some of the best in design in terms of Grade A offices, medical and educational facilities, integrated resorts, a marina, retail destinations, hotels, and various other lifestyle developments. The investor is using the latest sustainable city design and smart city concepts. The total expected investment is US$ 15 billion. The declared vision of the project is “Building a World Class City for South Asia”. This kind of well-planned people-friendly cities are ideal for inhabitants who live and work there. This kind of flagship projects can generate immense benefits to national economies. However, due to the huge financial investment involved, only very rich clients can benefit from them.