PORT CITY SRI LANKA

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 Port City Sri Lanka



Colombo International Financial City (CIFC)  is a special financial zone and International Financial Centre located in Colombo, Sri Lanka, which is currently under construction on reclaimed land adjacent to the Galle Face Green. The land reclamation work had been completed as of January 2018. The cost is slated at 15 billion dollars.

After the former planned 'Port City' was rejected by the new incoming government, a tripartite agreement was signed in August 2016 repackaging the project as the Colombo International Financial City (CIFC). It is part of the wider Western Megapolis plan.

The Port City was claimed to be a concept of former President Mahinda Rajapaksa, who was apparently inspired while inspecting the landfill being constructed for the Colombo South port. The modern Port City was in fact an unsolicited proposal submitted by China Harbor Engineering Company based on previous proposals.

The construction was set to begin in March 2011 but due to several circumstances the project was stopped. In mid 2012, the Sri Lankan Port Authority, better known as SLPA, announced that the construction of the then Colombo Port City project would commence on 17 September 2014. The budget is estimated to be US$15 billion.

The reclamation was to be carried out by China Harbor Engineering Corporation, who has been engaged by the investor. 125 ha (310 acres) was the land was given to government as well as 88 ha (220 acres) while owned by the government was planned to be leased for 99 years to the Chinese company. 20 ha (49 acres) was planned to be given freehold to the Chinese company.

The new city will comprise five main urban precincts or districts, namely International Island, Island Living, Central Park Living, Financial District and The Marina.

International Island will be a commercial and leisure destination featuring a resort and theme park, convention and exhibition center, healthcare and education facilities, as well as a waterway park.

The Island Living district will feature villa-style residences and public parks, including the Malvathu Park. A city beach will run along the southern edge of the district. The Central Park Living district will include open blocks, public parks and pavilions.

The Financial District will offer Grade A office space and serve as a retail destination. The Marina provides access to the sea and includes public parks and water features.



Location: Nuwara Eliya, Sri Lanka

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