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It is proposed to sell land reclaimed from the sea at the mega Port City on which work began when Chinese President Xi Jinping was here at Rs. 8.5 million a perch, Sri Lanka Ports Authority Chairman Priyath Bandu Wickrema told a meeting of the Colombo Club last week.
"That is the present intention,’’ he said. ``I’ve already had over 25 inquiries from prospective investors.’’
He gave the price in response to a question at the end of a detailed power point presentation made at the meeting held at the Taj Samudra hotel.
Wickrema who made an extensive presentation of the project, overshooting the 20 minutes allotted, said the first phase is expected to be completed by 2017. Although a 39-month timeframe has been set, they were confident that the work could be completed in 36 months, he said.
Responding to a question on difficulties for foreigners to get resident visas, he indicated that they were already in consultation with the Immigration and Emigration authorities and he was confident that these matters could be sorted out.
He also said that with breakwaters to be built being submerged, unlike over the surface structures to be seen now, safe sea bathing and swimming off the Colombo coast will be possible.
High rise buildings will be at the center of the development where their will be height restrictions so that the sea view of constructions extending towards the water would not be obstructed.
The luncheon meeting of the Colombo Club where Wickrema made his presentation was packed with some of the country’s leading businessmen and the demand for seating could not be met.
A number of executives from China Harbour Engineering Company undertaking the construction were present at the meeting.
www.island.lk
"That is the present intention,’’ he said. ``I’ve already had over 25 inquiries from prospective investors.’’
He gave the price in response to a question at the end of a detailed power point presentation made at the meeting held at the Taj Samudra hotel.
Wickrema who made an extensive presentation of the project, overshooting the 20 minutes allotted, said the first phase is expected to be completed by 2017. Although a 39-month timeframe has been set, they were confident that the work could be completed in 36 months, he said.
Responding to a question on difficulties for foreigners to get resident visas, he indicated that they were already in consultation with the Immigration and Emigration authorities and he was confident that these matters could be sorted out.
He also said that with breakwaters to be built being submerged, unlike over the surface structures to be seen now, safe sea bathing and swimming off the Colombo coast will be possible.
High rise buildings will be at the center of the development where their will be height restrictions so that the sea view of constructions extending towards the water would not be obstructed.
The luncheon meeting of the Colombo Club where Wickrema made his presentation was packed with some of the country’s leading businessmen and the demand for seating could not be met.
A number of executives from China Harbour Engineering Company undertaking the construction were present at the meeting.
www.island.lk
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