26 October 2014
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Government to sign 'port city' agreement next month

 

port city slThe Chairman of Sri Lanka Ports Authority Dr. Priyath Bandu Wickrama says that the agreement of the proposed Colombo Port City will be signed next month.

 

According to the agreement the reclamation of 568 acres of land will be completed within 39 months and the China Communications Construction Company Limited (CCCC )will be given 123 acres of the land on a 99-year lease to build the urban complex. It also includes 22 storied building for the SLPA head office,roads, water, electricity, communication facilities, shopping areas, water sports area, mini golf course, hotels, apartments, recreation areas and also marinas

The Chinese Company  has been reportedly selected to undertake the  the US$ 1.4 billion project.

 

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