Colombo Port City to resume operations in October

Thursday, 18 August 2016 00:00 - - {{hitsCtrl.values.hits}}

The Colombo Port City will recommence operations in October this year, the project contractor China Harbour Engineering Company’s Chief Sales & Marketing Officer Liang Thow Ming said yesterday.

Renamed the Colombo International Financial City (CIFC), the project will have a total reclamation and infrastructure cost of approximately $ 15 billion, of which $ 1.4 billion will be for the base of the structure. This would include roads, parks, beaches as well as sewage, electrical and water systems.

Recommencement of the project will bring to life the massive 269 hectare reclamation works adjacent to the Business District of Colombo.

Liang said “the vision for the city is to generate 83,000 job opportunities, most of which will be high value jobs. We cannot at the moment quantify the number of indirect job opportunities the project will create but this is a project that requires a lot of extra manpower.”

CHEC, which is the contractor for the Financial City would be initially hiring about 5,000 people, the number they were to hire before the project was halted.

“What we are planning to build is a clean, modern city of international standards that will be very livable and sustainable,” Liang added.