Development of Colombo Port City

 Colombo Port City

 is one of the largest and most ambitious development projects in Sri Lanka’s history. It is a planned urban area being built on reclaimed land from the Indian Ocean, adjacent to the Colombo International Financial City (CIFC) and near the Colombo Harbour.

The project officially began in 2014 and is a joint venture between the Government of Sri Lanka and China Harbour Engineering Company (CHEC). The goal is to turn this area into a modern city with commercial, financial, residential, and recreational spaces.

The Port City covers about 269 hectares of reclaimed land. It is designed to be a smart city, with high-tech infrastructure, sustainable design, and international investment appeal. The plan includes luxury apartments, a central park, shopping centers, hotels, a marina, and business towers.

A major aim of the project is to make Colombo a regional financial hub, similar to cities like Dubai or Singapore. Special laws and tax benefits are being proposed to attract foreign companies and investors.

While the project promises economic growth and jobs, it has also faced controversy and criticism. Environmental groups raised concerns about damage to marine life and coastal erosion. Some people also worry about the influence of foreign ownership, especially China's involvement.

Despite these concerns, development continues, and infrastructure like roads, utilities, and seawalls have already been completed. As the project progresses, it is expected to significantly transform Colombo’s skyline and economy.