- Created on Wednesday, 11 July 2012 14:56
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The Port City of Colombo will span 230 hectares of reclaimed water front. The reclamation work will be carried at a cost of 900 million U.S.Dollars, whilst the initial infrastructure will be completed within 39 months
This was stated by the Chairman of the Sri Lanka Ports Authority Dr. Priyath Bandu Wickrama during his presentation at the ceremonial opening of the two-day Sri Lanka Ports, Trade and Logistics Conference and Exhibition at the Hilton, Colombo yesterday.
The SLPA Chairman said that the project will change the geography and outlook of Sri Lanka and it will be the most important and the largest project in terms of investment with international flavour.
Dr. Priyath Bandu Wickrama disclosed that the project will be kicked off by President Mahinda Rajapaksa in October this year. He said that the area will be developed as a Port City with proper planning to equip it with roads, water, electricity and communication facilities and to set up shopping areas, a water sport area, a mini golf course, hotels, apartments and recreation areas such as marinas, etc., as a modern city.
He said the SLPA envisages an investment of 15 billion U.S.Dollars in creating these facilities within the Port City, and already they received some commitments and they will call for expressions of interests when the basic infrastructure is completed.(niz)