Colombo port city project report 11 of 2021 (CPCEC Act). This document provides an executive summary of a supplementary environmental impact assessment for expanding the This report covers the activities of the Colombo Port City project from January to June 2022, shared by the Colombo Port City Economic Commission (CPCEC/Commission). Neither of these occurs with the Port City Project as demonstrated in numerous modeling studies carried out as described above for the Colombo South Port EIA, the Port City EIA of 2011 and this SEIA. Assistant Managing Director of CHEC Port The ambitious Colombo Port City Development Project is building on reclaimed land to extend and expand the Sri Lankan city. , Browns Investments PLC, and LOLC Holdings PLC. 4bn and an expected US$20bn overall investment when completed. doc / . The additional study was conducted to cover gaps in the initial Environmental Impact Assessment that was carried out by developers when they were awarded the project by the Port City Colombo (Sinhala: කොළඹ වරාය නගරය, romanized: Koḷam̆ba Warāya Nagaraya) is a multi-services special economic zone located in Colombo, Sri Lanka, which is currently under construction on reclaimed land adjacent to the Galle Face Green. Port City is an urban development venture, which extends the congested central business district of At Port City Colombo, you can be part of a dynamic professional environment that fosters personal and professional growth in an extension of the country’s Central Business District. The city, which is expected to be completed by 2041, will be divided The above are views expressed by people, environmentalists and experts, as a response to the EIA and SEIA reports on the Colombo Port City project. At times classified as a Public-Private Partnership (PPP), the The Colombo Port City Project is a significant and arguably among Sri Lanka’s most controversial infrastructure projects. China Harbor Engineering Company is developing it with the support of the Sri Lankan government. LK MASTERPLAN PORT CITY COLOMBO THE FUTURE OF BUSINESS AND SUSTAINABLE LIVING Port City Colombo is a master planned city that is being built with The Colombo Port City Project (CPC or “the Project”) is the most prominent Chinese direct investment in Sri Lanka. The port city project spans an astonishing 269 hectares of land, the foundation of which has already been built via land reclamation efforts as part of their phase one of development. It aims to become a premiere residential, retail and business destination in South Asia. 5 km in length) of the CSH. The CPCEC acts as a Single Window Investment Facilitator and regulatory body for the Port City Colombo Area of Authority, streamlining regulatory and As a key maritime location, the design of Port City Colombo offers activities and experiences that have a close relationship with water. This will issue a QR code, which will be scanned at the entrance. Port City Colombo celebrated the groundbreaking of the Marina Development at Port City Colombo with a special ceremony held on 10th January 2025. K. It appears that no comprehensive project feasibility study encompassing technical, socio-economic, environmental and financial aspects has been made for this project. The PwC study evaluated the impact of the Port City Colombo project on macroeconomic variables including employment, GDP, FDI, balance of payments, and government revenue, and was presented Key takeaways The Colombo Port City is a Special Economic Zone (SEZ) project initiated in 2014, in collaboration with the Sri Lankan government and CHEC Port City Colombo Pvt. In 2017, the cost was slated to be US$ 15 billion. Built on reclaimed land, it aims to create a modern financial and residential hub with cutting-edge infrastructure, luxury living spaces, green parks, and a vibrant waterfront, enhancing Colombo’s global appeal. The Colombo Port City is a significant component of the Belt and Road Initiative, which commenced in 2013. 8 billion U. Footnote 19 According to the 2014 Annual Performance Report of the Ministry of Highways, Ports and Shipping, the USP was reviewed by the Standing Cabinet Appointed Review Committee (SCARC) The Port City Project (PCP) commenced on 16 September, 2014, with the signing of the agreement. The occasion was graced by Chief Neither of these occurs with the Port City Project as demonstrated in numerous modeling studies carried out as described above for the Colombo South Port EIA, the Port City EIA of 2011 and this SEIA. It notes that the project was approved without proper environmental impact assessments and public consultation. T he Colombo City Port is a planned city in Colombo meant to be developed on reclaimed land near the Galle Face Green, an oceanside urban park adjacent to Colombo’s financial and business district. This mega development is a testament to Sri Lanka's commitment to becoming a global economic hub. Start building your future today and browse through Tuesday, March 3, 2015, environmentalists took to the roads in protest against the Colombo Port City Project. The Port City, Colombo on Friday will break ground for its Marina development, which is tipped to be a key value proposition boosting business and attractiveness. . An oasis, providing the highest quality in commercial, entertainment, medical, education and lifestyle By Vinitha Revi At first envisioned during Mahinda Rajapaksa’s presidency (2005-15), the Colombo Port City (CPC) project was announced on Xi Jinping’s visit to Sri Lanka in 2014. The project faced early setbacks and controversy due to several issues, including According to a report published by EY, companies with a presence in Singapore should take this timeline into account when evaluating their investment decisions and realigning their supply chains. Summary Report from the 1996 NCEER and 1998 NCEE R/NSF . An oasis, providing the highest quality in commercial, entertainment, medical, education and lifestyle Tuesday, March 3, 2015, environmentalists took to the roads in protest against the Colombo Port City Project. Such a study would have The Colombo Port City project, which is 100% privately funded foreign direct investment of $1. Buy Reports; Newsletters; WC. The CPC is The Colombo Port City Economic Commission is proud to support this project and eagerly anticipates witnessing its transformative impact on Sri Lanka’s tourism and maritime sectors. it is a sea The Colombo Port City Economic Commission is sharing a progress report with the public, local and international stakeholders, covering the Commission and the Colombo Port City project activities in the 6 months since Governance of Colombo Port City is by a comprehensive legal framework, the Colombo Port City Economic Commission Act No. According to media reports, the Sri Lanka’s share of the land will be125 hectares, and the balance 108 Colombo Port City is an ambitious urban development project along Colombo’s coastline, set to redefine the city’s skyline. The city is positioned as the region's modern services hub and Colombo, Sri Lanka – September 14th, 2023: The Colombo Port City Economic Commission (Commission) shares its progress report for the fiscal year 2023, covering the period from January to August 2023. One of the many projects of the Rajapaksa government and the one that has been used The residences are located within close proximity to the south ingress of Port City Colombo, various entertainment venues, restaurants, bars, public parks, squares, retail outlets, and more. This legislation establishes the Colombo Port City Economic Investments and business operations in the SEZ are facilitated by the Colombo Port City Economic Commission (CPCEC), established under the Colombo Port City Economic Commission Act No. The Writ application was against the Project Company developing the Colombo Port City Project, Sri Lanka Ports Authority, the Board of Investm Wednesday, March 19, 2025 About us report in September 2014 while the second respondent has issued the final approval for the so-called EIA study pertaining to the project and they have approved the Stay informed on the latest development milestones at Port City Colombo. Earlier this year, the government announced that the project faced various delays due to the pandemic and other revenue generation constraints. Launched in 2014, Colombo Port City is Sri Lanka’s most significant foreign investment. The study covers the following issues: the description of existing drainage, assessment of environmental impacts on drainage due to land reclamation The Colombo Port City Project (CPCP) is regarded as one of the largest and most ambitious Sri Lankan development projects to date. Colombo Port City Economic Commission is the Single Window Investment Facilitator for Port City Colombo, to assist investors, businesses, and residents to conduct their activities Port City Colombo is a brand-new city development built as an International ‘Service Oriented’ Special Economic Zone with an initial investment of US$1. The zone is housed across 269 hectares of reclaimed land from the Indian Ocean and is designed [] Port City Colombo (PCC) comprises five precincts dedicated to commercial, financial, residential, lifestyle, and entertainment use. The Colombo Port City spanning 269 hectares of reclaimed is the largest Public-Private Partnership in Sri Lanka to date, with a commitment of USD 1. Residents can also conveniently access other landmarks in the Marina including the Luxury Yacht Marina, and even visit neighbouring precincts thanks to the Kalyanaraman Nevertheless, in view of Chinese determination to make inroads into Indian Ocean and the inclination of countries in the neighbourhood to engage China economically and benefit from its expertise in infrastructure-building, there is a need to constantly monitor the nature of Chinese engagement in projects like the one in Colombo Port City Colombo, Sri Lanka’s first multi-service Special Economic Zone, recently hosted Commonwealth Enterprise and Investment Council (CWEIC) Deputy Chairman Lord Swire, to an exclusive session on the project’s attractive investment opportunities and economic potential within the South Asian regional sphere. 14 of 2008, was assigned to Port City Colombo (Private) Limited in 2016. S. Sri Lanka occupies a more significant role in the Belt and Road Initiative due to its Colombo Port City’s Updated Development Control Regulations, Published by Extraordinary Gazette. One of the many projects of the Rajapaksa government and the one that has been used The Colombo Port City Project (CPCP) is regarded as one of the largest and most ambitious Sri Lankan development projects to date. ” Colombo Port City project . The document summarizes concerns about the Colombo Port City project in Sri Lanka. The Colombo Port City, being developed by the China Harbour Engineering Company, spans 269 hectares of land reclaimed from the sea. The CPC is one of China’s flagship projects and a major component of Xi’s Belt and Road Initiative (BRI). mineralogy and particle size distribution, etc. There are several restaurants inside the Port City public area. The Port City Colombo project will add 13. There are questions around the scale and impacts of The Colombo Port City Project (CPCP) is widely regarded as the largest and most ambitious Sri Lankan PPP and Foreign Direct Investment (FDI) undertaking to date and is a collaborative project between the Government of Sri Lanka (GOSL) and the CHEC Port City Colombo is a 100%-owned subsidiary of China Harbour Engineering Company, the promoter investor and project developer of the Port City Colombo. Keywords The Port City Colombo, Sri Lankan Mainstream Electronic Media, BRI, How to cite this paper: de Pasqual, M. Port City’s public spaces are freely accessible to all, without any entrance fees. The SEZ designation brings a myriad of benefits, making it an attractive Port City Colombo is a large-scale integrated city being developed on more than 200ha of reclaimed land near Colombo, Sri Lanka. org. Initiated by the former President Mahinda Rajapaksa with a vision to rejuvenate Sri Lanka’s stagnant economy, the project is worth about $1. CDR was appointed by the UDA (Urban Development Authority) to carry one of the specific studies for the S-EIA (Supplementary Environment Impact Assessment) for the Colombo Port City project. Take your career to the next level with the chance to work with industry experts as you sharpen your skills. It is the single biggest private sector development in the country and expected to transform Colombo into a The Colombo Port City Project (CPCP) is widely regarded as the largest and most ambitious Sri Lankan PPP and Foreign Direct Investment (FDI) undertaking to date and is a collaborative This report covers the activities of the Colombo Port City project from January to June 2022, shared by the Colombo Port City Economic Commission (CPCEC/Commission). Colombo Port City Project: The Environmental Narrative By Professor Naazima Kamardeen, Faculty of Law, University of Colombo. But prior to arrival, you have to make the reservation through the mobile app. Development Control Regulations (DCRs) The recent ADB report suggested that over 6-degree centigrade temperature rise is unavoidable by the end of this century due to climate change. This document provides an executive summary of a supplementary environmental impact assessment for expanding the Launched in 2014, Port City Colombo is arguably the most contentious and ambitious development project in Sri Lanka’s post-independence history of over 75 years as well as the Port City is the Port City Colombo is a large-scale integrated city being developed on more than 200ha of reclaimed land near Colombo, Sri Lanka. Business Center; Projects & Tenders; Investor Relations; Image courtesy Yamu The government recently took a cabinet decision to go ahead with the $15 billion Colombo Port City Project (CPCP). Dilini Pathirana, convener of the workshop. Creating both business and housing districts, this is one of the most significant projects of its kind in the Through the Colombo Port City Project, the Sri Lankan government has been trying to project Colombo as the future financial market hub of the South Asia region. 11 of 2021. From a geo-political standpoint, the Port City Colombo project is a gateway to South Asia, Middle East, and Asia-Pacific regions, attracting Sri Lankan Sanjeewa Alwis, a project engineer working at CHEC’s Port City Colombo project, ‘builds’ a sandcastle model similar to the financial centre building that will be built at the artificial beach in Colombo’s Port City in, According to media reports, retail businesses, residential, business and entertainment locations and public recreational areas will be built on the reclaimed land which will become the Port City. Spanning 269 Port City Colombo is a master planned city that is being built with modern sustainable city designs and smart city concepts. The project, identified under the Strategic Development Project Act No. The project faced early setbacks and controversy due to several issues, including 1) The document discusses the proposed Colombo Port City Development Project in Sri Lanka which involves large-scale land reclamation and construction. . LK | PORTCITYCOLOMBO. 03 million to aid those affected by recent flooding. This document provides a supplementary environmental impact assessment report for the proposed Colombo Port City development project in Sri Lanka. Conceived as a project to create high-end real estate through off shore land reclamation, it was hastily approved as a joint venture between a Chinese SOE and the Sri Lankan government in 2014. Together, these precincts offer a convenient and vibrant urban lifestyle for residents and visitors. One of the many projects of the Rajapaksa government and the one that has been used Colombo Port City Project, which was at the crux of this workshop, Dr. The Colombo Port City is essentially divvied into five distinct areas which are currently classified as the Financial District, Central Park Living, Island Living Port City Colombo is a brand-new city development built as an International ‘Service Oriented’ Special Economic Zone with an initial investment of US$1. Prasanthi Vignanantha, student volunteer, to take notes during the The future of the controversial Colombo Port City project is to be decided on the findings of a fresh Environmental Impact Assessment (EIA) report due shortly, a senior official said. During construction and post construction period of the South Port there was no overall negative impact on the coastline or on the natural ecosystems. The Colombo Port City project was started According to media reports, this land will be developed by constructing a formula 1 race track, yacht marina, a mini golf course plus hotels, skyscrapers, ported positively about the port city, and the Sirasa TV channel reported about the port city in a negative frame. Discover project progress, new ventures, and transformative advancements shaping the city. The land area that will be reclaimed under this project is estimated at 233 hectares. 4bn by CCCC, commenced construction after the signing of an agreement with the government of Sri Lanka CHEC Port City Colombo (Private) Limited (the Project Company) is a Board of Investment-approved company, specifically created to make a Foreign Direct Investment in Port City Colombo and is a 100% owned subsidiary of the China The Colombo Port City Project (CPCP) is regarded as one of the largest and most ambitious Sri Lankan development projects to date. The land reclamation work had been completed as of January 2019. The Daily FT-SC Securities joint initiative “Market Pulse” a multi-media interview series today features the Port City Colombo, the country’s biggest mixed development project described as a game-changer for Sri Lanka as Port City Project ECBA - Free download as PDF File (. The 269-hectare reclamation project aims to develop a new financial hub Colombo Port City Special Economic Zone (SEZ) positioned as an extension of Colombo’s existing Central Business District is a 269 Ha land reclamation project in the heart of South Asia. – the Project Company. 4Bn and an expected US$20Bn overall investment when completed. 4 billion investment. This Colombo Port City project has multiple According to a report by Policy Research Group Strategic Insight (POREG), the approval of the Colombo Port City Project by the Mahinda Rajapaksa led-government amplifies the Communist party's motive to use its economic clout to use strategic ports of other countries. Rajitha Senaratne, trying to justify the decision told At first envisioned during Mahinda Rajapaksa’s presidency (2005-15), the Colombo Port City (CPC) project was announced on Xi Jinping’s visit to Sri Lanka in 2014. According to the Forbes Index, the Colombo Port City Project is ranked as one of the five new city projects that can make Environmental and Social Monitoring Reports Colombo Port Expansion Project: Semiannual Environmental Monitoring Report (July-December 2012) 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines +63 2 8632 4444 +63 2 8636 2444; Browse ADB. This Centre, which will become operative in six months, is formulated to create a robust environment that will enable global megacorps to Colombo Port City Project - Free download as Word Doc (. Dilini Pathirana raised a few legal issues This report is prepared by Dr. Sri Lanka’s biggest FDI-funded port city development project has commenced with $1. Colombo Port City, which Sri Lanka is building with Chinese help, aims to rival Dubai or Hong Kong. The landscape for the Port City has undergone notable changes since the initial assessment of its economic impact by PwC Sri Lanka in early 2020, the most significant of which is the enactment of the Colombo Port City Economic Commission Act, No. Cabinet spokesperson Dr. 1 MIN READ. 4 billion. Ltd (CPCC), a subsidiary of China Harbor Engineering Corporation. Almost one meter sea level rise is evident in some parts of the world. The construction work was ceremonially inaugurated on the same day in the presence of the President of the Peoples’ 2K. [Photo/Xinhua] The Port City Colombo is an important section of China's Belt & Road Initiative, in midst of CPEC in the Arabian Sea and the Myanmar corridor in the Bay of Bengal, it connects the world's biggest manufacturing plants in Chinese mainland to the Indian Ocean Having initiated the original report in early 2020, the November 2021 update explores the effect of the Special Economic Zone status conferred by way of the Colombo Port City Economic Commission Act and the “Five Year Plot Roll-out Strategy” of CHEC Port City Colombo (Pvt) Ltd – the Project Company. At times classified as a Public-Private Partnership (PPP), the CPCP is a collaborative project between the Government of Sri Lanka and a foreign private entity. Ltd. Launched in 2014, Port City Colombo (hereafter “Port City”) is arguably the most ambitious development project in Sri Lanka’s over 70 years of post-independence history. We are confident that this development will significantly contribute to establishing Colombo Port City as a regional business hub. Touted as a “city from the future”, it was primed as a project to create high-end real estate through offshore land reclamation, which was approved as a joint venture between a Chinese SOE and The Port City Colombo ticket price is free for the public area. (2024). Reporting on Port City Colombo in Sri Lankan Mainstream Media. GN Focus Report. In a display of corporate social responsibility, CHEC Port City Colombo (Private) Limited also announced a donation of Rs. The location where the Port City is to be constructed is where there will be a natural accumulation of sand, south of the east-west breakwater (around 1. The Colombo Port City project will be the biggest private sector development in the history of Sri Lanka. The first phase of the project is the reclamation of the land by the China Communications Constructions Company (CCCC). C olombo Port City, Sri Lanka’s most ambitious development project, has marked a significant milestone this week with the ground-breaking ceremony for its premier business park, the Colombo Business Centre. “Therefore the period of implementation of the Colombo Port City Development Project will be extended to June 5, 2027 with the signing of a supplementary agreement between the Ministry of Investment Promotion, Colombo Port City Economic Commission and CHEC Port City Colombo (Pvt) Ltd company,” Gunawardena told reporters on Thursday. She duly acknowledges the assistance rendered by Ms. Projects; July 30 2017 The project will be an extension of the Colombo Central Business District and create a high-quality urban environment measuring more than five million Aerial photo taken on May 5, 2021 shows the Colombo Port City in Colombo, Sri Lanka. Advances in Journalism and Communication, 12, Sri Lanka’s multi-billion dollar mega Port City project is constructed south of the east-west breakwater of the Colombo South Harbour (CSH). Colombo Port City Economic Commission is the Single Window Investment Facilitator for Port City Colombo, to assist investors, businesses, and residents to conduct their activities seamlessly and efficiently in Port City Colombo - A prestigious location in the heart of South Asia. Tuesday, March 3, 2015, environmentalists took to the roads in protest against the Colombo Port City Project. Development Control Regulations (DCR) for the entire project were gazetted in April 2022 and an awareness program on them was condu Having initiated the original report in early 2020, the November 2021 update explores the effect of the Special Economic Zone status conferred by way of the Colombo Port City Economic Commission Act and the ‘Five-Year Plot Roll-out Strategy’ of CHEC Port City Colombo Ltd. dollars to the country’s economy once fully operational, says a study by PricewaterhouseCoopers (PwC). 2 billion having been already invested. Port City Colombo celebrates achievements of 2024 and welcomes 2025 with a spectacular fireworks show The Mall at Port City Colombo, South Asia’s pioneering The Government has released the ‘Supplementary Environmental Impact Assessment’ (SEIA) done by the developers of the suspended Colombo Port City project to the public. 11 of 2021 which recognises the Port City as a multi-services Special Economic Zone. The EIA report prepared by the Coast Conservation Department is due to be handed over before Thursday to the 10-member committee appointed to review the project Today, it is mostly used to describe visionary projects like the Port City Colombo project where the proposition is strong, but demand has remained speculative. (CPCC) with the support of the Government of Sri Lanka. pdf), Text File (. Port City Project ECBA - Free download as PDF File (. The project covers 269 hectares of land that has been reclaimed from the Indian Ocean. After several years of dredging, construction activity is gaining momentum and the new city is The Colombo Port City project was the grandest and most ambitious of them all. The first phase of the project is the reclamation of the land by the China Communications Constructions LEVEL 30, ONE GALLE FACE TOWER, NO 1 A, CENTRE ROAD, GALLE FACE, COLOMBO 02, SRI LANKA TEL: +94 11 233 5141 | EMAIL: ENQUIRY_CPCC@CHEC. 2) It raises concerns about the project's environmental and legal sustainability, as it would involve dredging and altering the seabed in a way that could damage the marine environment. Colombo port city project is developed in the coastal area with a huge reclaimed dredge The Colombo Port City is a special financial zone being built next to Colombo, mostly on land reclaimed from the sea, adjoining the Port of Colombo. Colombo Port City project . It is being developed by CHEC Port City Colombo Pvt. This will result significant sea level rise, strong waves and coastal erosion. txt) or read online for free. A waterfront promenade connects the historic city with the new providing continuous pedestrian access from which to experience everything from the bustling CBD and Marina to the tranquil and neighbourly beach within Island Living. 56 billion investment from the CHEC, that holds immense significance for the Colombo Port City (CPC) project, which is a testament to the power of collaboration between Sri Lanka and China, and it is poised to transform South Asia into a global economic hub, and an development project . Colombo, Sri Lanka - July 4th, 2023: The Development Control Regulations (DCR), which regulate all construction activities within the area of authority of Colombo Port City, was published in the extraordinary gazette No 2334/47 on June 02nd, Colombo Port City is the single largest foreign investment in Sri Lanka’s history. However, recent developments have shifted this paradigm, addressing previous challenges, identifying solutions, and setting the stage for a surge in demand through strategic initiatives. Concerns have been raised by some that a review and reversal of the Colombo Port City Project will result in loss of confidence among foreign PDF | On Jan 1, 2024, Mangala Keerthi de Pasqual published Reporting on Port City Colombo in Sri Lankan Mainstream Media | Find, read and cite all the research you need on ResearchGate This is a substantial commitment to the project and the country, of $ 1. 3) It analyzes Sri Lankan laws Sri Lanka’s multi-billion dollar mega Port City project is constructed south of the east-west breakwater of the Colombo South Harbour (CSH). A few weeks ago, the government enacted a new law, the The balance $547 will be invested in port city logistic and infrastructure development activities, a senior Finance Ministry official said. 4 billion committed by the project company, CHEC Port City Colombo Pvt Ltd, $1. The Marina, Port City Colombo is a joint initiative between China Harbour and Engineering Corporation/CHEC Port City Colombo Ltd. docx), PDF File (.
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