This is the manner by which the administration had chosen to offer area to the Chinese partners of this Port City venture:
The Central Bank of Sri Lanka around then had uncovered how land recovered in the wake of filling a piece of the ocean close to the Colombo port is to be offered to the speculator.
As per the 2013 CBSL Annual Report, this new city would come up ashore recovered from close to the new expanded harbor's jetty up to the Galle Face Green.
A degree at least 233 hectares would be recovered for this proposed venture.
A degree of 108 hectares from this recovered area is to be saved for the organization chose for this venture, China Communications Constructions Company (CCCC) to take care of its speculation expenses, advertising advancements expenses and benefits.
From the degree of area subsequently held, in the range of 20 hectares would be on free hold right premise and the parity 88 hectares on a 99 year lease premise.
The staying 125 hectares of this recovered area would be under the domain of the Sri Lanka Ports Authority (SLPA).
The assessed expense of USD 1.3 billion for the first period of this venture is to be contributed by CCCC.
Since the speculation for this task is to be made as immediate remote venture by the speculator, the administration does not endure any expenses or outside borrowings on the monetary viewpoints.
The Central Bank of Sri Lanka around then had uncovered how land recovered in the wake of filling a piece of the ocean close to the Colombo port is to be offered to the speculator.
As per the 2013 CBSL Annual Report, this new city would come up ashore recovered from close to the new expanded harbor's jetty up to the Galle Face Green.
A degree at least 233 hectares would be recovered for this proposed venture.
A degree of 108 hectares from this recovered area is to be saved for the organization chose for this venture, China Communications Constructions Company (CCCC) to take care of its speculation expenses, advertising advancements expenses and benefits.
From the degree of area subsequently held, in the range of 20 hectares would be on free hold right premise and the parity 88 hectares on a 99 year lease premise.
The staying 125 hectares of this recovered area would be under the domain of the Sri Lanka Ports Authority (SLPA).
The assessed expense of USD 1.3 billion for the first period of this venture is to be contributed by CCCC.
Since the speculation for this task is to be made as immediate remote venture by the speculator, the administration does not endure any expenses or outside borrowings on the monetary viewpoints.
