Colombo’s Port City ready for investors

Apr 11, 2018 (LBO) –  CHEC Port City Colombo (Pvt) Ltd., presented the Development Control Regulations (DCR) for the Colombo Port City the authorities, Tuesday.

“This is a signal for the marketing team to sell it as real estate,” Minister of Megapolis and Western Province Development Champika Ranawaka said at the presentation ceremony in Colombo.

“The DCR will benchmark standards for the the rest of country as well.“

The DCR was prepared by Surbana Jurong, a Singaporean urban design consultancy and Atkins, a UK-based engineering consultancy.

When complete the city will have reclaimed 269 hectares with 116 hectares being handed over to China Communications Construction Company (CCCC), which is the parent company of China Harbour Engineering Company (CHEC).

The remaining land, which will be owned by the Sri Lankan Government and will be divided with 62 hectares to be used to set up a financial city and 91 hectares to be used as public spaces.