Port City Colombo secures $300 million FDI boost for Phase II
Port City Colombo has committed approximately $300 million in foreign direct investment to move ahead with Phase II of its development, signalling renewed confidence in Sri Lanka’s economic outlook.
The investment follows the completion of key regulatory approvals and clears the way for the next stage of work on the country’s largest urban development project. The funding will support the rollout of core infrastructure and utilities across the site.
CHEC Port City Colombo, the project’s master developer, said the investment reflects a long-term view of Sri Lanka’s growth and the role Port City Colombo is expected to play in attracting global capital.
“This $300 million investment is a deliberate statement of our long-term confidence in Sri Lanka,” said Xiong Hongfeng, Managing Director of CHEC Port City Colombo. “Port City Colombo is being developed as a generational project that supports investment, jobs, and enterprise over the long run.”
Phase II will focus on strengthening infrastructure within Port City Colombo, Sri Lanka’s first multi-services Special Economic Zone. The works are expected to support new business activity and create sustained employment across construction, services, and related sectors.
The latest commitment reinforces Port City Colombo’s role as a platform for internationally focused, high-value services, while contributing to FDI inflows and broader economic activity aligned with national development goals.
.png)
