Independent journal on economy and transport policy
07:52 GMT+1
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Al via the work for the realization of the new harbour city of Columbus
He is adjacent to the container terminal managed from Chinese CMHI and Sri Lanka Ports Authority
September 17, 2014
Today the president Sri Lankan, Mahinda Rajapaksa, and Chinese Popular President of the Republic, XI Jinping, has inaugurated the start of the first phase of the Colombo Port City project that previews an investment of 1,4 billion dollars for the construction of a new harbour city to Columbus by China Harbour Engineering Company (CHEC), society of the group Lowers Communications Construction Co. (CCCC).
The new area of 233 hectares, adjacent to the terminal for Colombo South Container Terminal containers of the port of Columbus who is managed by joint venture Colombo International Container Terminals (CICT) participated for 85% from the Chinese Lowers Merchants Holdings (International) Co. (CMHI) and for 15% from Sri Lanka Ports Authority (SLPA) ( on 5 August 2013), it will accommodate residential offices, hotels, dwellings, shopping centers and sport. The property of 125 hectares will go to Sri Lanka, while group CCCC will have the property of 20 hectares and will arrange of having remained the 88 hectares in rent for a duration 99-year-old.
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