Reclamation work of the Colombo International Financial City (Colombo Port City) will recommence in October, Liang Thow Ming Chief Sales and Marketing Officer of CHEC Port City Colombo told Ada Derana a short while ago.
The observation was made by Liyang Chow Ming who is the Chief of Sales and Marketing Officer of CHEC Colombo Port City during an interview.
The Sri Lankan Government on 12 August signed a tripartite for the Colombo International Financial City, formerly known as the Colombo Port City. With the signing of the agreement CHEC Port City Colombo (Pvt) Ltd, the Project Company for the Port City, issued a a written undertaking to withdraw all compensation claims from the government.
The agreement was signed between the Ministry of Megapolis and Western Development, the Urban Development Authority (UDA) and CHEC Port City Colombo. The new tripartite agreement formally replaces the previous agreement signed on September 16, 2014 between the Government of Sri Lanka and CHEC Port City, a subsidiary of China Communication Construction Company (CCCC).
