ECONOMYNEXT – Marine construction work on a ‘Port City’ reclamation project funded by China next to Sri Lanka’s Colombo port to build a financial centre should be over by mid-2019, an official said.
Liang Thow Ming, Chief Sales & Marketing Officer, CHEC Port City Colombo (Pvt) Ltd., a unit of China Habour Engineering Company Ltd. (CHEC), said 90 percent of reclamation work is over along with 70 percent of the breakwater.
Work was held up by the south-west monsoon which will end very soon, he told an economic forum in Colombo organized by the Ceylon Chamber of Commerce.
“We can then resume construction of the breakwater. We aim to complete marine engineering work by mid-2019.”
CHEC, part of the China Communications Construction Company Ltd. (CCCC) group, has started on infrastructure work on the city to be built on the reclaimed land, Thow Ming said.
“Now can see a few trees – we are trying to test plant trees.”
City infrastructure will be built in two phases with the eastern half near to Colombo to be completed by end of 2020 with roads, parks and utility connections being built.
He noted that the residential, commercial and retail space the Port City project creates will be several orders of magnitude more than existing facilities, in Sri Lanka and abroad, as in Canary Wharf, London.
(COLOMBO, 14 September, 2018)