FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post

Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Talks to get FedEx, Expo Freight hubs at BIA
by samaritan Today at 1:05 pm

» Fertilizer ban relaxed: Stock-watch CIC
by ADVENTUS Today at 1:00 pm

» Expolanka Holding
by Good bad Today at 12:59 pm

» L B Finance PLC (LFIN.N0000) - (1st Interim dividend for 1Q 2022)
by Venu123 Today at 11:28 am

» PIRAMAL GLASS CEYLON PLC (GLAS.N0000)
by sandamal Today at 11:07 am

» ROYAL CERAMICS PLC (RCL.N0000)
by KILLER99 Today at 10:17 am

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by ONTHEMONEY Yesterday at 11:49 pm

» SEMB the ASPH
by soileconomy Yesterday at 9:31 pm

» Browns bullish on investments in local, international hotels
by SAGA Yesterday at 8:23 pm

» Top Foreign Trading today
by SAGA Yesterday at 8:20 pm

» Sell EXPO Buy EDEN sentiment changed to Exit EXPO Enter EDEN
by ADVENTUS Yesterday at 4:45 pm

» Top crossings today
by SAGA Yesterday at 2:53 pm

» LAUGFS GAS PLC (LGL.N0000)
by Wickyz Yesterday at 2:06 pm

» Sri Lanka’s 213 billion rupee money printing to repay foreign debt: Treasury Secretary explains
by CITIZEN Yesterday at 11:25 am

» Oman shows interest in SLAF HQ land and Chalmer’s Granary
by dayandacool Yesterday at 11:03 am

» HVA FOODS PLC (HVA.N0000)
by prabath Yesterday at 10:05 am

» EXPOLANKA HOLDINGS PLC Interim Financial Statements quarter ended 30th June 2021
by mah2903 Yesterday at 2:59 am

» ලාභ ගන්න කොටස් වලින් මේක සම්පූර්ණයෙන්ම කියවන්න
by ColomboCSE Yesterday at 12:37 am

» Shares to Buy
by Cma Yesterday at 12:02 am

» Successful investment strategies require an understanding of the forces of stock market nature, and disciplined rules of portfolio management.
by Asoka Samarakone Sat Jul 31, 2021 9:12 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » SLPA confirms commencement of US$ 15bn Port City Project

SLPA confirms commencement of US$ 15bn Port City Project

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Sri Lanka Ports Authority (SLPA) in a statement yesterday confirmed that the proposed Port City Development Project will be implemented on schedule with construction work to commence during the latter part of this year.

As earlier reported in The Island Financial Review, the project is expected commence in October and the entire investment is estimated at US$ 15 billion.

"Whilst the Sri Lanka Ports Authority has invested over US$ 3 billion on all present port development projects (that include Colombo Port Expansion Project, Magam Ruhunupura Mahinda Rajapaksa Port in Hambantota, Galle Port Development, Oluvil Port Project, Trincomalee and KKS Port Development Project), which would create ample investment opportunities for both local and foreign investors, the private sector has already committed to invest approximately US$ 3 billion in the Colombo Port City development project, South terminal, Hambantota free zone and Trincomalee industrial zone," the SLPA said.

"Accordingly, approximately 230 hectares, that is nearly 575 acres, of water front sheltered by the new breakwater will be reclaimed at an investment of approximately US$ 900 million by a foreign investor. The plan has been given approval by the Standing Cabinet Appointed Review Committee (SCARC). At the recently concluded international Seatrade Conference and Exhibition at the Hilton hotel in Colombo, Dr.Priyath B.Wickrama – Chairman of SLPA emphasized that the area will be developed as a port city with roads, water, electricity, communication facilities to set up shopping areas, water sports area, mini golf course, hotels, apartments, recreation areas, marinas and with a lot more additions that would develop the area as a modern city.

"These innovations will not only change the geography and outlook of Sri Lanka, but also extend immense strength to the government’s efforts to ensure continuity and dedication towards realizing the goal of making Sri Lanka, the most competitive and preferred maritime and logistic center in the Asian region," the SLPA said.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=57958

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum