News
Port City Colombo marks 7th anniversary with vertical development set to commence
Port City Colombo, the largest and most ambitious development project ever undertaken in Sri Lanka, proudly marks its 7th anniversary since the initial land reclamation work commenced in 2014.
During this period, the project has committed USD 1.4 billion of foreign direct investment to Sri Lanka for initial reclamation and internal infrastructure development. The project is expected to attract USD 15 billion in the 25 years of its development phase.
Last year, China Harbour Engineering Company (CHEC) and Browns Investments PLC announced their joint venture of the first vertical development at Port City Colombo – the Colombo International Financial Center (CIFC). CHEC, as the leading partner, recently entered into a Cooperation Term Sheet to begin development work on the CIFC Mixed Development Project. This will be the first of many landmark development projects planned for Port City Colombo. China Harbour Engineering Company and its partners will further enter into an investment agreement with the Government of Sri Lanka shortly with the aim of commencing development work before the end of 2021.
The passing of Port City Economic Commission Act in Parliament and the appointment of the Commission is a significant milestone for Port City as it marks seven years of existence. Over the past seven years, Port City has undertaken an unprecedented transformation of the very topography of Colombo. In the years to come, Port City Colombo looks forward to leading the transformation of the face of the city, helping Colombo take its place among the great cities of the world. Further, Port City awaits for Covid restrictions to relax to open the Marina and beach areas to the public upon government approval.
Port City Colombo is a brand-new city development built as an extension of the existing Colombo CBD, with an initial investment of USD 1.4 billion and an expected USD 15 billion overall investment when completed. Port City Colombo’s entire reclaimed land of 269 hectares is owned by the Government of Sri Lanka (GoSL). Ninety one hectares of land is dedicated for common amenities such as parks, green shaded roads etc. while 178 Ha are slated for state-of-the-art developments constituting A Grade office, retail destinations, unique residential developments, medical facilities, educational facilities, an integrated resort, a luxury marina, hotels and other lifestyle developments.
Gen. Nakatani, Minister of Defense of Japan paid a courtesy call on Prime Minister Dr. Harini Amarasuriya, at Temple Trees today [May 4].
The discussion took place in the spirit of long-standing bilateral friendship and focused on strengthening cooperation between Japan and Sri Lanka, particularly in the areas of defense and regional security. Minister Nakatani extended his congratulations to the Prime Minister on behalf of the Government of Japan and reaffirmed Japan’s commitment to collaborative efforts in ensuring peace and stability across the Indo-Pacific region.
He also emphasized Sri Lanka’s strategic importance in maritime security and regional connectivity.
Prime Minister Amarasuriya expressed appreciation for Japan’s continued support through development partnerships, especially via the Japan International Cooperation Agency (JICA). She reiterated the government’s commitment to transparency, economic reform, and national transformation.
The Prime Minister also shared the government’s vision for evolving the role of Sri Lanka’s security forces to include responsibilities such as climate response, humanitarian assistance, and maritime protection. The meeting further explored opportunities in trade, investment, and tourism, with both parties agreeing to deepen engagement across five key sectors.
The Ambassador of Japan to Sri Lanka, and senior officials from both governments participated in the meeting.
[Prime Minister’s Media Division]
President Anura Kumara Disanayake departed for Vietnam.
The visit is taking place at the invitation of the President of Vietnam from May 4 to 6, 2025.
During the visit, President Disanayake is scheduled to hold bilateral discussions with both the President and the Prime Minister of Vietnam. He will also meet with the General Secretary of the Communist Party of Vietnam and other senior officials.
On May 6, the President will attend the official opening ceremony of the United Nations Vesak Day celebrations in Ho Chi Minh City as the Chief guest and will also deliver the keynote address.
In addition, the visit is expected to include the signing of several bilateral agreements and engagement with the Vietnamese business community to further enhance economic cooperation between the two countries.
Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath, along with a delegation of senior government officials, is accompanying the President on this important visit.
[PMD]
Latest News
The Heat index is likely to increase up to ‘Caution level’ at some places in Eastern, Northern, North-central and North-western provinces and in Monaragala and Hambantota districts.
Warm Weather Advisory
Issued by the Natural Hazards Early Warning Centre of the Department of Meteorology at 3.30 p.m. 03 May 2025, valid for 04 May 2025.
The public re warned that the Heat index, the temperature felt on human body is likely to increase up to ‘Caution level’ at some places in Eastern, Northern, North-central and North-western provinces and in Monaragala and Hambantota districts.
The Heat Index Forecast is calculated by using relative humidity and maximum temperature and this is the condition that is felt on your body. This is not the forecast of maximum temperature. It is generated by the Department of Meteorology for the next day period and prepared by using global numerical weather prediction model data.
Effect of the heat index on human body is mentioned in the above table and it is prepared on the advice of the Ministry of Health and Indigenous Medical Services.
ACTION REQUIRED
Job sites: Stay hydrated and takes breaks in the shade as often as possible.
Indoors: Check up on the elderly and the sick.
Vehicles: Never leave children unattended.
Outdoors: Limit strenuous outdoor activities, find shade and stay hydrated.
Dress: Wear lightweight and white or light-colored clothing.
Note:
In addition, please refer to advisories issued by the Disaster Preparedness & Response Division, Ministry of Health in this regard as well. For further clarifications please contact 011-7446491.
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