{"id":109816,"date":"2020-12-17T16:09:41","date_gmt":"2020-12-17T23:09:41","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=109816"},"modified":"2020-12-17T16:09:41","modified_gmt":"2020-12-17T23:09:41","slug":"colombo-port-city-secures-first-investment-with-one-billion-dollar-colombo-international-finance-center","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2020\/12\/17\/colombo-port-city-secures-first-investment-with-one-billion-dollar-colombo-international-finance-center\/","title":{"rendered":"Colombo Port City Secures First Investment with One Billion Dollar Colombo International Finance Center"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em><strong>\u0d85\u0d9c\u0dca\u200d\u0dbb\u0dcf\u0db8\u0dcf\u0dad\u0dca\u200d\u0dba \u0db8\u0dcf\u0db0\u0dca\u200d\u0dba<\/strong> <strong>\u0d85\u0d82\u0dc1\u0dba<\/strong><\/em><\/span><\/h2>\n\n\n<p>The first investment within the Colombo\nPort City will commence with the one billion dollar Colombo International\nFinance Centre (CIFC) Mixed Development Project. <\/p>\n\n\n\n<p>The momentous agreement between Browns\nInvestments, the strategic investment arm of the LOLC Group, and China Harbour\nEngineering Company Limited (CHEC) was signed this morning in the presence of\nPrime Minister Mahinda Rajapaksa and Ambassador of China to Sri Lanka Qi\nZhenhong.<\/p>\n\n\n\n<p>Attracting foreign direct investment is a\nkey priority for our Government, and this landmark project is a strong\nindicator that Sri Lanka is now back in business,\u201d Prime Minister Rajapaksa\nsaid. We invite investors from around the world to explore the multitude of\ninvestment opportunities that Sri Lanka presents with its strategic location\nand human resource capabilities.\u201d<\/p>\n\n\n\n<p>The Colombo Port City was the brainchild\nof Prime Minister Rajapaksa, launched during his presidency together with\nChinese President Xi Jinping during his state visit to Sri Lanka in 2014. With\nan initial investment of US$ 1.4 billion and an expected overall investment of\nUS$ 15 billion when completed, the Port City is set to be the leading business,\nretail, residential and tourist destination in South Asia. <\/p>\n\n\n\n<p>At this crucial moment, China once again demonstrates\nits confidence in Sri Lanka and commitment to help Sri Lanka&#8217;s economic and\nsocial development,\u201d said Ambassador Zhenhong. It\u2019s well believed that the\nInternational Financial Centre Project will not only effectively boost the\nvigorous growth of Sri Lanka&#8217;s finance and other industries, but also create\nmore high-quality job opportunities, benefiting the general public and\nsociety.\u201d<\/p>\n\n\n\n<p>The project comprises a total land area of\n6.8 hectares, implemented under two phases. The first phase of the CIFC Mixed\nDevelopment Project, with an investment of US$ 450 million and comprising a\nland area of 3.06 hectares, will consist of the incorporation of a Special\nPurpose Vehicle (SPV) company, jointly managed by Browns Investment and CHEC. <\/p>\n\n\n\n<p>The overall project, which will be\nimplemented in a sustainable and socially-responsible manner, expects to create\nsignificant quality employment opportunities across a variety of sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u0d85\u0d9c\u0dca\u200d\u0dbb\u0dcf\u0db8\u0dcf\u0dad\u0dca\u200d\u0dba \u0db8\u0dcf\u0db0\u0dca\u200d\u0dba \u0d85\u0d82\u0dc1\u0dba The first investment within the Colombo Port City will commence with the one billion dollar Colombo International Finance Centre (CIFC) Mixed Development Project. The momentous agreement between Browns Investments, the strategic investment arm of the LOLC Group, and China Harbour Engineering Company Limited (CHEC) was signed this morning in the presence of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-109816","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/109816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=109816"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/109816\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=109816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=109816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=109816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}