LNP - Port City to break ground for Marina development on Friday

The Port City, Colombo on Friday will break ground for its Marina development, which is tipped to be a key value proposition boosting business and attractiveness.

The Marina, Port City Colombo is a joint initiative between China Harbour and Engineering Corporation/CHEC Port City Colombo Ltd., Browns Investments PLC, and LOLC Holdings PLC. Foreign Affairs and Tourism Minister Vijitha Herath will be the Chief Guest at the groundbreaking ceremony.

The Marina is set to create a state-of-the-art facility with the capacity to harbour 243 marine vessels. In addition to its core marina function, the development will feature exclusive guest clubs, dining options, retail outlets, recreation areas, event spaces, and ample parking facilities. The project is expected to significantly boost Colombo Port City’s attractiveness as a premier destination for marine tourism and recreation, contributing to the overall economic growth of the area.

In August last year, the Cabinet of Ministers approved the nomination of Colombo Marina Development Ltd., as a primary venture with strategic development status under the provisions of the Colombo Port City Economic Commission Act No. 11 of 2021. This designation will allow the company to receive specific incentives and encouragements pertinent to the project.

As part of this initiative, four plots of land within the Colombo Port City area have been leased to Colombo Marina Development.

Port City Colombo is a visionary multi-service special economic zone poised to transform Sri Lanka into the next global investment and leisure destination.