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Discussion Starter · #1 ·
Colombo Port City to begin construction in March and complete land filling in 2014

SLPA Chairman Dr Priyath Bandu Wickrama said that work on the Colombo port city will start in March and it is expected that the land filling will be completed by 2014. The port city will have hotels, apartments, shopping malls and yacht marinas. Once the filling is completed the private sector will be offered an opportunity to invest.

http://www.sundayobserver.lk/2011/01/09/fin04.asp
 

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Discussion Starter · #2 · (Edited)
400 acre Port City development to adjoin the Colombo Port South Harbour

The Government also intends to further develop Colombo by creating new city space. Along with the Colombo South Harbour Development project, plans are being drawn to create a new city on land reclaimed from the sea. This project will see the creation of a brand new city area nearly 400 acres in extent.

Because this reclaimed city will be planned entirely afresh, it will have all necessary infrastructure, public facilities and services from the very beginning. Nearly half of the reclaimed area will be set aside for common facilities that will promote recreational activities and tourism. These could well include open parks, water features, a sea front promenade, a marina, an open-air theatre, and even an underwater recreational facility. The other half of the city space will be dedicated for commercial and tourist developments as well as high quality residential facilities.

Transportation within this city space will be through a proper road network that will include many shaded pedestrian only zones. High quality public transport will be provided to minimise the number of vehicles in the city, and a supplementary elevated monorail system is also being considered. Because the quality of services and facilities to be provided needs to be at a very high level, a separate city council for its administration is also being considered. Once this project is completed, it will vastly enhance Colombo's image as the dynamic, modern urban centre.

http://defence.lk/new.asp?fname=20101203_04
 

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Formula One Track To Be Built On Planned ‘New Port City’ Colombo

A Formula One track is planned for the New Port City to be constructed in the vicinity of the Colombo Port. According to the Chairman, Ports Authority, Dr. Priyath Wickrama an eight lane F1 track will “definitely” be a part of the New Port City, he said.
Formula One has strict requirements for its tracks and the Sri Lankan track, if it is to be a reality, must be carefully planned if it is to be implemented in the New Port City. Currently planners are formulating ways of fitting the track in the premises of the city whilst also allowing for maximum leeway for commercial activities. Space is also a problem so a synergistic approach with commercial roads must also be adopted. F1 tracks around the globe often use sections of public roads for racing.
The New Port City will set Sri Lanka up for its own city-on-the-sea akin to Palm Island and The World, Dubai. The city is to be constructed on filled land taking up the area between the Southern edge of the new Colombo South Port and the Fort Lighthouse. The total area of sea reclaimed is set to be 450 acres.
‘The New Port City Development Project will be implemented in March 2011’ said Chairman, Ports Authority, Dr. Priyath Wickrama in an exclusive interview with The Sunday Leader. The New Port City is a concept of President Mahinda Rajapaksa who was apparently inspired while out on a visit to inspect the landfill being constructed for the Colombo South port.
‘The new city is going to be well planned. Colombo unfortunately is not very well planned anymore. It was a quite well planned city during colonial times but has since become haphazard,’ said Wickrama.
The initiatives for the city involves shopping complexes, hotels, office complexes, etc. There is also a marina planned for boats and other water based activities.
The construction is set to begin in March 2011 with an initial budget of $450 million. The filling of the land is projected to take two years while subsequent infrastructure construction is projected to take another one and a half years.
‘The Ports Authority will call for investors to buy land for use and construction as the project gets underway’ said Wickrama adding that private sector funds will be key in ensuring that the project is completed in time. He also said that many investors both local and foreign have shown ‘a lot of interest’ in investing already.
‘The models have been constructed and feasibility studies have been done. All the expertise has been provided by us and no foreign consultants have been approached so far. The technology and knowledge needed for filling the land is sophisticated. A monorail is planned to reduce congestion in the city. Entrants will be encouraged to park their cars at the entrance and use the monorail to navigate the city,’ he said. According to Wickrama the funding will likely come from a Chinese source as some interest has already been conveyed from there. Wickrama also mentioned that bonds will be issued to raise funds in addition to private investments.
‘The Ports Authority has been financially stable but could perform much better,’ said General Manager Capt. Nihal Keppetipola, adding that a key reason for this is the foreign exchange loss suffered in the repayment of a yen loan taken for super infrastructure developments a decade ago. ‘The New Port City project more than anything else will be a massive revenue earner for the Ports Authority,’ he said.

http://www.thesundayleader.lk/?p=30979
 

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Though, if its done well and efficiently (loans at good rates).....it could be a really good addition to colombo! and in the long run be a good and clever move!
 

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Anybody know

:nuts:Where exactly will the land reclaiming or filling take place?:nuts:
Will the Galleface Hotel sea front be effected?
 

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Discussion Starter · #7 ·
"Colombo Port City is a proposed offshore city in Colombo, Sri Lanka which is planned to be built on reclaimed land adjacent to the Galle Face Green. The city will use construction resources from the Colombo Harbour Expansion Project, currently under construction near the site of this proposed city." - Wikipedia
 

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Discussion Starter · #10 ·
Colombo's new port city to reclaim the seafront at a cost of $350 million


COLOMBO, Feb 10 - Sri Lanka plans to build a new port city by reclaiming the seafront at a cost of $350 million and selling the land as it expands the island nation's main harbour, the state-run Port Authority said on Thursday.

As presently envisaged, the creation of 340 acres of new land would partially, if not entirely, block Colombo's historic Galle Face Green seafront by moving the shoreline farther away.

That stretch of shore is in front of the current location of the Defence Ministry and army headquarters, where Shangri-La Hotels Lanka Ltd., a subsidiary of Hong Kong-listed hotel operator Shangri-La Asia Ltd is building a 500-room hotel.

"It is going to cost us about $350 million to fill it up," Nihal Keppetipola, managing director of Sri Lanka Ports Authority, told Reuters.

The filling would be funded by deposits on sales, he said.

"So we are not going to put up the capital investment. People, including foreigners, will put an advance and then purchase. We will use the money to fill," he said.

The area will have eco-parks, residential areas, offices, and high-rise buildings, Keppetipola said.

However, he declined to comment on pricing.

"We will be working on that. But we have to make sure that we earn very much more than $350 million," he said.

Sri Lanka since 2004 has imposed a 100 percent tax on land purchases by foreign citizens, and it was not immediately clear whether that tax would apply to the new land.

http://ph.news.yahoo.com/rtrs/20110210/tbs-srilanka-port-7318940.html
 

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^ land reclamation may soon start for port city. Since the land is going to be reclaimed from the dirt that is dredged from the sea bed of the new Colombo south port, first dredging must start in Colombo south port.. that dredging has only just started. Here is a photo of the area where the colombo port city will be built. all the sea front of the new colombo port container quay you see against the horizon in this photo is going to vanish.



pic Source: http://srilankanewsonline.com/colombo-port-set-to-enter-top-10-busiest-port-in-the-world/
 

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Sri Lanka proposes to extend outer edge of its continental shelf beyond 200 nautical miles


Sri Lankan ministry of External Affairs is making preparations for oral presentations to UN Commission on the Limits of the Continental Shelf (CLCS) during this to establish county's outer limits of the Continental Shelf beyond the present 200 nautical miles.

United Nations Convention on the law of the sea required state parties to submit geological and scientific data and other material to the commission.

Sri Lankan Cabinet of ministers has already approved the establishment of a project for the purpose of collation, processing and analysis of technical data on the Delimitation of the Outer Edge of the Continental Margin of Sri Lanka. This project is funded by the Norwegian Government.

On a proposal by External Affairs minister Prof G.L. Pieris, the inter ministerial committee set up at the ministry of external affairs is to convene a four day meeting of experts in Colombo to finalize the oral presentation scheduled to be made by Sri Lanka to the CLCS during the second half of 2012.

The government will obtain the assistance of international experts, both legal and technical namely Dr Harold Brekker, Dr. Oude Elferink, Mr. C.W. Pinto, Dr. Bernard Oxman and Dr. Woods in finalizing the orals presentation .http://news.lk/news/sri-lanka/1221-sri-lanka-proposes-to-extend-outer-edge-of-its-continental-shelf-beyond-200-nautical-miles
 

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New clues

Gosh! look at the CGI... It says PORT CITY...


I don't think this meeting was about a Naval Training Center, but about the designs finalization of the port city. They don't want us to know cauz they are waiting for a grand launch.

Also, following is an excerpt from ITN Hathwenipaya on 24-04-12


LOL... ^^
 

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China firm to build Sri Lanka's new port city

Updated: 2012-07-11 11:18

COLOMBO -- China Merchant International has already embarked on a $500 million port expansion project in the Colombo harbor, Priyath Bandu Wickrama, chairman of Sri Lanka Ports Authority, said on Tuesday.

Sri Lanka is expecting $15 billion in investment from a new "port city" that will be built on land reclaimed by the sea in the capital, the official said.

"China Harbour Engineering Corporation has already been given the contract for the project," he said.

The government hopes to commence work in October on the ambitious project that will reclaim 243 acres (98.4 hectares) from the sea near the Colombo port, according to Wickrama.

While addressing a forum in the capital, Wickrama noted that the investment was expected to flow in during the next ten years, mainly from hotels, apartments and shopping malls.

http://europe.chinadaily.com.cn/business/2012-07/11/content_15568910.htm
 

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Sri Lanka targets US$15bn into Colombo 'port city'

July 10, 2012 (LBO) - Sri Lanka is expecting 15 billion US dollars of investments to pour into a 'port city' on reclaimed beachfront land bordering the island's main port in Colombo, during the next 10 years, an official said.
Reclamation of the 243 acre site is set to begin in October and is expected to be completed in 39 months, Sri Lanka Ports Authority chairman Priyath Bandu Wickrema said.

The land will be reclaimed, roads, drainage and telecom facilities laid in a 900 million US dollar project where the investor will get a piece of the reclaimed area.

Reclamation will be carried out by China Harbhour Engineering Corporation, who has been engaged by the investor. The investor itself is expected put in another 2.5 billion US dollars into developing land received.

The balance will be sold on 99-year leases to potential investors.

"We are going to call for an RFP (request for proposals), most probably around the end of 2013. " Wickrema said in the sideline of a shipping conference organized by Seatrade, a events company specialising in maritime trade.

"I expect proposals for hotels, apartment and shopping malls first."

RFPs will be issued once a part of the land has been reclaimed.

Sri Lanka Ports Authority is expecting 15 billion US dollars to pour into the 'port city' where a mini golf course, a Formula I track and a yatch marina is also planned, he told the conference, organized by Seatrade, a marine policy forum specialist.

Wickrema said in August 2012, an RFP for more industries at Hambantota in the island's south will close where a billion US dollars of investments are targeted. In the first round 800 million US dollars of investments were netted.

A 500 million US dollar container terminal by China Merchants International has already started.

Wickrema said a target of 5 billion US dollars in port related investment by 2015 may be reached earlier.

http://www.lankabusinessonline.com/fullstory.php?nid=1998232259
 

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Delayed port city costs $200 million more, less land

The delayed, gigantic Colombo port city project, which is to kick off in October, is almost like old wine in a new bottle! From an earlier plan of reclaiming 500 acres of the sea that would also cover the Galle Face Green stretch, the new plan, at a much higher cost but half the area, would be between the new section of the Colombo harbour(breakwater) and up to the Presidential Secretariat.

However the cost to the port to develop 243 acres has increased to US$900 from $700 million for 500 acres, three years ago, with officials saying costs have gone up. It will not cover the popular seafront promenade as decided under the earlier plan, which drew protests from environmentalists. The China Harbour Engineering Company has been offered 14% of the 243-acre land on long lease at an investment cost of $2 billion while also assigned the task of reclaiming the sea area. The investor in the earlier planned project was also connected to China Harbour. According to the Chairman of the Sri Lanka Ports Authority (SLPA) Dr. Priyath Bandu Wickrema, the balance lots will be given on 99-year leases to potential investors. Request for proposals would be called next year. The revised plan was approved by the Cabinet Appointed Review Committee after almost a year of scrutiny, a top official of the Ministry of Ports and Highways told the Business Times. It is expected to be completed in 39 months.

Environmental impact assessments have been completed and a decision was taken to reduce the extent of land by half with the consent of the Committee, he revealed. Dr Wickrema said the area will be developed as a port city with appropriate planning to provide it with roads, water, and electricity and communication facilities and to set up shopping areas, a water sport area, a mini golf course, hotels, apartments and recreation areas such as marinas, etc. He revealed that the SLPA expects an investment of US$ 15 billion in creating these facilities within the Port City.

ST
 

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Wonder why the environmentalists would complain about having some of the reclaimed land in front of Galle Face. Also don't know about the Formula one track - sure it would be great, but how many times a year would it be used?
 
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