Sri Lanka Port Authority calls for private investments to build port city

(07, Aug, 2014 LBR) – – Sri Lanka’s port city to be built on reclaimed sea will be financed with private capital and investors would be free to come up with proposals on how to use the land, an official said. The port city will have shopping areas, water sports area, mini golf course, hotels, apartments, recreation areas and also marinas.

If we are to convert Sri Lanka to a maritime hub or a logistic hub, we need people to come and invest, we need people to come and set up offices,Wickrama said.

What we are trying to do is facilitate and create something that will attract people to Sri Lanka.

The reclaiming of sea land has begun with China Harbour Engineering Company Ltd (CHEC) an affiliate of the China Communication Construction Co. Ltd (CCCC). The company will also develop breakwater, connected road network and supply of services, under the procedures adhered by the Government.

The total investment comes from the company.

An about 125 hectares of land area out of the total land area will be owned by the Government of Sri Lanka, whilst the rest will be retained by the Chinese company to cover their costs of expenditure.

About 20 hectares will come under the compa