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A new addition to the capital city of Sri Lanka to be built by reclaiming the sea will have a Formula One racing track among other attractions.
Deputy Minister of Ports and Highways Rohitha Abeygunawardena has said that a 575-acre area of the sea opposite the Galle Face Green is being filled up to build the new Colombo city.
Construction of the new Colombo City will be completed by a private investor in 39 months at an investment of US$ 900 million.
The proposed offshore city, to be divided into three segments- business, residential and leisure, will be developed into a modern city with high rises, hotels, residential apartments, shopping malls, and other space to cater to the public needs.
The capital city last December held the first ever night motor racing that drew a large number of foreign and local drivers to the event.
Building this New Colombo City on Sea will be carried out in coordination with the Urban Development Authority, Colombo Municipal Council, All Service Ministries, and the Archaeological Department, the government has said.
Sri Lanka : New city to be erected in Sri Lankan capital with a Formula One race track
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Colombo Port City project to commence work in October
The Colombo Port City project will commence its work in October this year. Addressing a media briefing in Colombo yesterday, Ports and Highways Deputy Minister Rohitha Abegunawardene said the estimated cost for the projects is US$ 900 million whilst the initial infrastructure will be completed within 39 months.
Under a presidential directive, the Port city is to be constructed between the Southern edge of the new Colombo South Port and the Fort Lighthouse. The total area of sea to be reclaimed is 575 acres. The Deputy Minister further said that plans are underway to develop a port city in Colombo with modern facilities.
The proposed offshore city, to be divided into three segments- business, residential and leisure, will be developed into a modern city with high rises, hotels, residential apartments, shopping malls, and other space to cater to public needs.
He said that a Chinese investor has pledged to carry out the construction of the project.
This government has implemented many innovative projects to strengthen the national economy. The Colombo port city is also one of them, he added.
[Project]
Cost - US$ 900 m
Location- Between new Colombo South Port and Fort Lighthouse
Sea area to be reclaimed- 575 acres
Built with Chinese investment
Deputy Minister of Ports and Highways Rohitha Abeygunawardena has said that a 575-acre area of the sea opposite the Galle Face Green is being filled up to build the new Colombo city.
Construction of the new Colombo City will be completed by a private investor in 39 months at an investment of US$ 900 million.
The proposed offshore city, to be divided into three segments- business, residential and leisure, will be developed into a modern city with high rises, hotels, residential apartments, shopping malls, and other space to cater to the public needs.
The capital city last December held the first ever night motor racing that drew a large number of foreign and local drivers to the event.
Building this New Colombo City on Sea will be carried out in coordination with the Urban Development Authority, Colombo Municipal Council, All Service Ministries, and the Archaeological Department, the government has said.
Sri Lanka : New city to be erected in Sri Lankan capital with a Formula One race track
---------
Colombo Port City project to commence work in October
The Colombo Port City project will commence its work in October this year. Addressing a media briefing in Colombo yesterday, Ports and Highways Deputy Minister Rohitha Abegunawardene said the estimated cost for the projects is US$ 900 million whilst the initial infrastructure will be completed within 39 months.
Under a presidential directive, the Port city is to be constructed between the Southern edge of the new Colombo South Port and the Fort Lighthouse. The total area of sea to be reclaimed is 575 acres. The Deputy Minister further said that plans are underway to develop a port city in Colombo with modern facilities.
The proposed offshore city, to be divided into three segments- business, residential and leisure, will be developed into a modern city with high rises, hotels, residential apartments, shopping malls, and other space to cater to public needs.
He said that a Chinese investor has pledged to carry out the construction of the project.
This government has implemented many innovative projects to strengthen the national economy. The Colombo port city is also one of them, he added.
[Project]
Cost - US$ 900 m
Location- Between new Colombo South Port and Fort Lighthouse
Sea area to be reclaimed- 575 acres
Built with Chinese investment
