PORT CITY COLOMBO HITS MAJOR MILESTONE WITH COMPLETION OF PHASE 1 INFRASTRUCTURE

Port City Colombo yesterday announced the completion of the first phase of its infrastructure development, a key milestone in Sri Lanka’s most ambitious urban development project to date.

- By SHANNINE DANIEL

The first phase includes critical linkages connecting the reclaimed land to the Colombo Municipal Council’s electricity and water supply systems as well as the city’s wastewater drainage network.

“This milestone marks an essential step in the progress of Port City Colombo and ushers in the next stage of development and future investments,” said Colombo Port City Economic Commission Chairman Harsha Amarasekera.

The commission serves as both the regulatory authority and single-window investment facilitator for the Colombo Port City Special Economic Zone (SEZ).

Amarasekera asserted that the completion of the first phase comes at a time when Sri Lanka is regaining investor confidence, following the government’s reform drive under the International Monetary Fund (IMF) programme.

“This year has been a year of significant progress for Sri Lanka, as the government, under the IMF programme, has taken measures to strengthen policies that protect investments and has brought in reforms that enhance transparency, accountability and the rule of law, to ensure inclusive and sustainable economic expansion,” he said.

The first phase of the project, spanning infrastructure connectivity, utility integration and essential service readiness, sets the foundation for the next stage of construction and investment mobilisation. The focus now shifts towards attracting anchor investors for commercial, residential and lifestyle developments within the SEZ.