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Port City Colombo marks 7th anniversary with vertical development set to commence

Published

5 years ago

2021/09/19

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.

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Members of Sri Lanka Cricket Transformation Committee Officially Appointed

Published

1 hour ago

2026/05/5

Priyan

The official appointment letters for the members of the newly established “Cricket Transformation Committee” (CTC) were handed over on Monday (04) by the Minister of Youth Affairs and Sports, Sunil Kumara Gamage.

The following members received their letters of appointment at the Ministry premises:

Sidath Wettimuny
Thushira Radella
Prakash Schaffter
Ms. Avanthi Colombage

The Ministry also noted that veteran cricketers Roshan Mahanama and Kumar Sangakkara, who are key members of the committee, are currently overseas. Their official appointments will be formalised immediately upon their arrival in Sri Lanka.

The Cricket Transformation Committee has been mandated to oversee the administration and drive structural reforms within Sri Lanka Cricket (SLC) in accordance with the powers vested in the Minister under the Sports Act No. 25 of 1973.

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Three prison guards arrested following the death of an inmate

Published

2 hours ago

2026/05/5

Priyan

(File pic)

Three prison guards attached to the Welikada Prison have been arrested by Borella Police following the death of an inmate on Monday (04).

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CJ urged to inquire into AKD’s remarks on May 25 court verdict

Published

6 hours ago

2026/05/5

Sahan Weerasooriya

CJ Surasena

‘Bar Association must reveal its stand’

Civil society group ‘Free Lawyers’ has requested Chief Justice Preethi Padman Surasena to probe whether political pressure was brought on a Magistrate, or a High Court Judge, in respect of an ongoing high profile case.

Speaking to The Island on behalf of ‘Free Lawyers,’ Rajith Keerthi Tennakoon said that they felt the urgent need to seek the CJ’s intervention, following the May Day declaration by President Anura Kumara Dissanayake that the verdict of a case that was heard on 30 April would be given on 25 May. Tennakoon said that addressing the NPP’s main May Day rally at Maharagama, the President asked the people to be ready to celebrate that verdict. The President couldn’t have said so if he hadn’t been aware of the impending verdict, Tennakoon said, while emphasising the responsibility on the part of the Bar Association to state its position on the issue.

‘Free Lawyers’ recently captured pubic attention following its exposure of the theft of USD 2.5 mn from the Treasury.

Responding to a query, Tennakoon said that on behalf of ‘Free Lawyers,’ Maithri Gunaratne, PC, on Monday, 4 April, wrote to both CJ Surasena and President of the Bar Association Rajeev Amarasuriya.

Alleging that President Dissanayake’s declaration caused immense harm to the independence of the judiciary and raised controversy over the judgement that would be given on 25 May, ‘Free Lawyers’ organisation also asked the CJ to inquire into whether the entire judicial process was under political pressure.

Tennakoon said that they expect the Bar Association to reveal its position on President Dissanayake’s statement. Tennakoon pointed out that during the May Day address, President Dissanayake made reference to 15 cases that were to be taken up during this month, whereas Transport, Highways and Urban Development Minister, as well as Leader of the House Bimal Rathnayake, mentioned nearly 10 names of politicians, both sitting and former lawmakers, to be summoned beginning, May.

Tennakoon said that the NPP appeared to have used May Day to counter growing accusations over the Colombo port container controversy, coal scam, Rs 13.2 bn NDB fraud and theft of USD 2.5 mn from the Treasury and USD 625,000 from the Sri Lanka Postal Service.

By Shamindra Ferdinando