CHEC Port City Colombo (Pvt) Ltd, a subsidiary of China Harbour Engineering Corporation, has announced an additional investment of $300 million in the reclaimed special economic zone. According to Xiong Hongfeng, Managing Director of CHEC Port City Colombo (Pvt) Ltd, the initiative is not perceived as a short-term development but rather as a generational project that aligns with the country’s future growth.
“Our decision to continue infusing capital via Foreign Direct Investment (FDI) reflects strong confidence in Sri Lanka’s economic direction and in the role Port City Colombo will play in supporting investment, enterprise, and employment in the years ahead,” stated Xiong Hongfeng in an official statement.
To date, CHEC Port City Colombo has already invested $1.25 billion in the project, which includes land reclamation from the sea and the construction of essential infrastructure such as utilities and bridges. The newly announced investment of $300 million will further contribute to the development of core infrastructure and utilities within Port City Colombo.
The company is recovering its investment by selling leasehold land, while the Sri Lankan government also plans to sell portions of the land to generate revenue.
(Colombo/Jan14/2026)
