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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, Megapolis Development Minister Champika Ranawaka said. The $1.4 billion Chinese port city in the heart of the Sri Lankan capital would be complete by mid 2019, Ranawaka said. (Reuters Photo)
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This will be a new financial and commercial center in the Indian Ocean. (Reuters Photo)
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Reclamation of 50 per cent of the land is now complete. The work will finish in 2019. (Reuters Photo)
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There will be a new company managing the city in addition to the Colombo Municipal Council, Ranawaka said. (Reuters Photo)
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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. (Reuters Photo)
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Champika Ranawaka, Minister of Megapolis and Western Development speaks to media members at Colombo Port City construction site in Colombo, Sri Lanka. (Reuters Photo)
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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. (Reuters Photo)
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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. (Reuters Photo)
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India has expressed concern on the Chinese port city in Colombo as it will be seen as an important hub on China's 'Belt and Road' concept. (Reuters Photo)
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