CHEC Port City Colombo Archives - Ceylon Independent

A Chinese-backed real estate project near Sri Lanka’s main port is in discussion with investors for up to $4 billion in investments in its first phase, the developer said last week. Work on the $1.4 billion Port City project by the China Communication Construction Company (CCCC) started in 2016 as part of Beijing’s ambitious plans to create a modern-day “Silk Road” linking Asia to the Middle East and Europe. The project is expected to attract $13 billion in investment over the next 20 years. Liang Thow Ming, Chief Sales and Marketing Officer of CHEC Port City Colombo, the local company that handles the project for CCCC, said 80% of the 269-hectare (665-acre) site had been reclaimed from the sea. “We are on schedule to complete the reclamation and marine works by the second half...

PM as Chief Guest at Interbrand-Daily FT Best Sri Lankan Brands Awards expresses confidence private sector can compete internationally but must change mindset Understanding branding key to performing well in the global market Embracing competition would be “deliverance” of SL from debt and other challenges FTA with Singapore next year, China to follow By Uditha Jayasinghe An exuberant Prime Minister Ranil Wickremesinghe last night struck an optimistic note throwing his support behind the private sector insisting local companies had the capacity to compete and win globally, and calling on them to embrace competition as it was the “deliverance” of Sri Lanka’s growth challenges. Speaking at the inaugural Best Sri Lankan Brands Awards ceremony as its Chief Guest, Wic...

Tag: CHEC Port City Colombo

China-backed Port City sees up to $4 b investment interest

Compete to deliver: PM