Sri Lankan capital will complete Chinese port city by mid 2019

An air force officer holds Sri Lanka's national flag as the sun sets at Galle Face Green in Colombo February 2, 2013. REUTERS/Dinuka Liyanawatte
Vastavam web: The USD 1.4 billion Chinese port city in the heart of the Sri Lankan capital would be complete by mid 2019, Megapolis Development Minister Champika Ranawaka said today.The ‘Colombo Port City’ will be built on the sea reclamation of 269 acres, 62 acres of which will belong to the government of Sri Lanka while the Chinese would hold on lease 116 hectares, the rest will be common public facility areas, Ranawaka said.There will be a new company managing the city in addition to the Colombo Municipal Council, Ranawaka said.
Rajapaksa’s successor Maithripala Sirisena’s government suspended the project citing irregularities but under pressure from the Chinese, the go-ahead for the project was given in 2016.Invested and developed by the China Communications Construction Company Limited (CCCC), Colombo Port City is the largest project between China and Sri Lanka under the China- proposed Belt and Road Initiative, especially the 21st Century Maritime Silk Road.
China had claimed that the construction of the port city will also create job opportunities for the locals, with a total of 83,000 jobs expected in the 20 years from implementation to completion of the project.Cash-rich China has invested millions of dollars in Sri Lanka’s infrastructure since the end of a brutal civil war eith the LTTE in 2009.