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World / Asia

Sri Lanka building mega port city project

Published: 16 Jan 2017 - 12:09 am | Last Updated: 01 Nov 2021 - 07:10 pm

Agencies

Colombo: Sri Lanka is building a mega port city project in its capital Colombo that will transform the country into an international financial and business hub in the Indian Ocean region in the coming years. The $1.4bn project, which is currently under-construction near Colombo Harbour, is Sri Lanka's largest foreign investment and the port city would be the first of its kind in the South Asian region.
The project is an investment of China Communications Construction Company Limited (CCCC) and has to date employed hundreds of locals. The project is going to create more than 80,000 jobs within the next 20 years, which will benefit Sri Lanka immensely.