[ Colombo, SRI LANKA ]
Development is proceeding at Colombo Port City, part of China’s Belt and Road Initiative. Efforts have been underway since 2014, with some interruption to discuss environmental concerns.
From published reports, that project investment is now estimated at USD $1.4 billion.
The project is an investment of CCCC, an acronym for the China Communications Construction Company Limited. CCCC is represented in the project by CHEC Port City Colombo (Pvt) Ltd., a Sri Lankan company.
From a December 2014 post:
The Ministry of Ports has taken steps to gear-up construction work on the mega Colombo Port City Development Project. The Colombo Port City Project, which covers 233 hectares has been planned for two stages and will be completed in eight years. All land areas for the project will be reclaimed from the sea.
The port city is comprised of sport complexes, mini golf ground, housing and office complexes, luxury hotels and many other modern facilities. The proposed area will include all related facilities such as access roads, electricity, communication and all other infrastructure facilities together with landscaping constructions including lakes.
Colombo Port City is a planned offshore city in Colombo, Sri Lanka which is 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
The reclamation will be carried out by China Harbor Engineering Corporation, who has been engaged by the investor. The investor itself is expected put in another US $2.5 billion into developing the land. The balance will be sold on 99-year leases to potential investors.