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

» 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

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Niwa Sat Jul 31, 2021 8:53 pm

» Directors' Dealings today
by SAGA Sat Jul 31, 2021 6:02 pm

» CHEVRON LUBRICANTS LANKA PLC (LLUB.N0000)
by Antonym Sat Jul 31, 2021 5:37 pm

» Boga unusual Collection....
by Wickyz Fri Jul 30, 2021 1:14 pm

» MILLENNIUM HOUSING DEVELOPERS PLC (MHDL.N0000)
by jehan008 Fri Jul 30, 2021 1:11 pm

» Sri Lanka FOB prices for black tea highest in the world
by samaritan Fri Jul 30, 2021 12:18 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™ » Work on ‘Port City’ to begin with investor allocated 100 acres on ROI basis

Work on ‘Port City’ to begin with investor allocated 100 acres on ROI basis

3 posters

Go down  Message [Page 1 of 1]

sriranga

sriranga
Co-Admin
A proposed USD multi-billion project on reclaimed beachfront land

BY SURESH PERERA

One hundred acres within the proposed USD multi-billion ‘port city’ to be built on reclaimed beachfront land bordering the Colombo harbor will be allocated to the investor on the basis of Return on Investment (ROI) for developing the infrastructure of this mega project, a high-ranking official said last week.

The investor is expected to inject an additional US$ 2.5 billion to develop the acreage given to him within the zone itself demarcated under a separate plan, says Dr. Priyath B. Wickrama, Chairman, Sri Lanka Ports Authority.

Reclamation of the 560-acre site is scheduled to commence this month (October) and work on developing the infrastructure completed within 39 months, he said.

"We expect investments in the range of US$ 15 – 20 billion to pour into this planned city during the next 10 years", Wickrama said in an interview with The Sunday Island.

After the land is reclaimed and vital infrastructure facilities such as a road network, drainage and telecom services are developed by the investor entrusted with the task, the ‘port city’ will also serve as an offshore business destination for trade with global ‘buying offices’ and international trading headquarters based in the location, the Chairman explained.

The property will be replete with hotels, apartments, shopping malls, entertainment, recreational activities and a whole gamut of ultra-modern, state-of-the-art business ventures in keeping with the concept of a planned city, he noted.

"It is an enormous US$ 2 billion investment that has to be pumped in for initial infrastructure development, which will be borne by the investor", Wickrama stressed. "We have struck a good bargain because this investor will have to channel another US$ 2.5 billion on developing the 100-acre land extent allocated to him".

The investor has entrusted the reclamation to China Harbor Engineering Corporation. After the task is completed, the government will demarcate slots to potential investors on a 99-year lease basis, it is learnt.

A mini golf course, a Formula I racing track and a yatch marina are also part of the proposed ventures for which potential investors will be sought, officials said. "They are on the cards".

Work on this mega development project will begin soon", the Chairman assured. "A RFP (Request for Proposal) is expected to follow, probably by end 2013".

He said that it was President Mahinda Rajapaksa who suggested that a viable project be launched "on the other side of the port as well", during a visit to inspect the site of the partially completed breakwater in 2008.

"We developed a model and started looking for a potential investor", Wickrama said. "It is a huge project with huge potential".
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=90044

http://sharemarket-srilanka.blogspot.co.uk/

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
මේක එන්නෙ ගෝල් ෆේස් එක ඉස්සරහ ද ? එසේ උනොත් නම් ගෝල් ෆෙස් එකේ මුහුද බලාගෙන හදන ශන් ග්‍රිලා , ඉන් දියන් ටුබැකො ලට මොකද වෙන්නෙ ?

මට මතක් වෙන්නෙ ඩුබායි පාම් දේරා හදන්න හයට් රෙජෙන්සි හෝටලේ ඉදිරිපිට තිබුන මුහුද ගොඩකරලා උන වැඩේ. පාම් දේරා හදන එකත් ඇන හිටලා. හයට් එක ඉස්සරහ තිබුන මුහුද වෙනුවට දැන් තියෙන්නේ හැතක්ම ගානක් දුරට විහිදෙන වැලි කාන්තාරයක්.

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Chinwi,

I asked the same thing from a well informed party. They said that the proposed port city wont be right infront of galle face.
Here is a map of the new project;
Work on ‘Port City’ to begin with investor allocated 100 acres on ROI basis Colombo_Port_City02

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
@ chamith,

Thank you.

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

chamith

chamith
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Sponsored content


Back to top  Message [Page 1 of 1]

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