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Port City Colombo marks 7th anniversary with vertical development set to commence Source:Island 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. ...

Sep 19, 2021 Posted by In Articles Tagged ,
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Port City Project – Will it generate confidence amongst investors? By Raj Gonsalkorale image Source:-portcitycolombo Foreign direct investment (FDI) is an integral part of an open and effective international economic system and a major catalyst to development. Yet, the benefits of FDI do not accrue automatically and evenly across countries, sectors and local communities. National policies and the international investment architecture matter for attracting FDI to a larger number of developing countries and for reaping the full benefits of FDI for development. The challenges primarily address host countries, which need to establish a transparent, broad and effective enabling policy environment for investment and to build the human and institutional capacities to implement them – OECD, Foreign Direct Investment for Development MAXIMISING BENEFITS, MINIMISING COSTS By Raj Gonsalkorale Sri Lankan politics has not witnessed bi-partisan agreement amongst the major political parties on key issues that impact on the people of the ...

May 26, 2021 Posted by In Articles, Raj Gonsalkorale Tagged , ,
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    Officially adds “Port City” reclaimed land to Colombo map Author:LBO Posted on July 24, 2019  Jul 24, 2019 (LBO) – Sri Lanka’s Minister for Megapolis and Western Province Development said the Ministry of Local Government will be tabling an act in parliament to add ‘Port City’ as part of the Divisional Secretary of Colombo. The new city will function as a special jurisdiction area with its own economic and commercial laws to facilitate operations of global multinational corporations. The completed 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. Meanwhile, Sri Lanka ...

Jul 28, 2019 Posted by In Articles Tagged , , , , Comments 0
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