Marine construction work on Colombo Port City to be completed by mid 2019
Chief Sales and Marketing Officer, CHEC Port City Colombo (Pvt) Ltd., Liang Thow Ming has reportedly said that the marine construction work on the Chinese funded Port City in Sri Lanka’s commercial capital, Colombo, should be over by mid-2019.
Thow Ming has said at an economic forum in Colombo organized by the Ceylon Chamber of Commerce recently that 90 percent of reclamation work is over along with 70 percent of the breakwater.
According to reports, work was held up by the south-west monsoon which will end very soon.
“We can then resume construction of the breakwater. We aim to complete marine engineering work by mid-2019.”
Thow Ming has further noted that CHEC, which 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.
“Now we can see a few trees – we are trying to test plant trees.”
The Port City infrastructure is to be built in two phases with the eastern half near to Colombo to be completed by the end of 2020 with roads, parks and utility connections being built.
OSL take:
The target of completing all marine construction work on Sri Lanka’s Port City project by mid 2019 indicates that interested foreign businesses/investors could start looking at investing in real estate in the financial city and draw up their business plans. Sri Lanka’s geographical positioning in the Indian Ocean would ensure the country’s prominence in global trade in the future.
| Article Code : | VBS/AT/18092018/Z_3 |