Gauge Newsletter September 2015 | Page 20

PORT CITY A BALANCED REVIEW Objective of the project is not only to create a major maritime hub, but to act as a destination of tourist attraction and an icon of the nation. T here has not been any other controversial construc- Sri Lanka and China Harbour Engineering Company Ltd. (CHEC) tion project which is a generator of news other than an integrated company under CCCC. Port City is a 100% foreign Colombo Port City Project. Recently it was the headline direct investment and it is the largest of that kind in the history. and top story in most of the newspapers, electronic media and social media owing to the size of the project and other STATISTICS various environmental, legal, political aspects, frustration about The total area of land to be reclaimed is 223ha of which 125ha the term of the contract and the nature of the project. belongs to the Government of Sri Lanka under freehold basis whereas out of the remaining 108ha, 88ha will be held by CCCC WHAT IS PORT CITY? under 99 year lease and 20ha will be held under freehold basis. Port City is a city, to be built on the reclaimed land adjacent to A breakwater of 5.5km will be constructed around the city. 60-70 the Galle Face Green between Colombo South Port and Port mln m3 of sand will