Major players collaborate on Colombo Port City phase 2 development, sealing US $ 1.5bn deal in Beijing

A corporation framework agreement worth US $ 1.565 billion was signed in Beijing on Tuesday by the Port City Economic Commission, China Harbour Engineering Company, Browns Investments and Hunan Construction Investment Group, for the phase two development of the Colombo Port City project.  This agreement encompasses the development of the Marina Project, Marina Hotel Project and Colombo International Financial Centre Mixed Development Project. 

The signing of the agreement involved key figures, including Port City Economic Commission Chairman Dinesh Weerakkody, China Harbour Chairman Tang Qiaoliang, Browns Investments PLC Director Kamanatha Amarasekara and Hunan Construction Investment Group Chairman Cai Dianwei.