11 Mar Colombo Port City
The China-funded Colombo Port City, the largest project between China and Sri Lanka under the Belt and Road Initiative, completed land reclamation of 269 hectares (665 acres) in January.
In addition, hydro-structure construction will be completed by the middle of this year. The port city’s municipal facilities construction is expected to be completed in July 2020. At the same time, investment promotion of the city is also being carried out.
The $1.4bn project, co-developed by the Sri Lankan government and the China Communication Construction company, is expected to bring 83,000 jobs to locals in 20 years.