Defence Secretary reveals Greater Colombo development plan

About 70,000 families identified as shanty or slum dwellers in the city of Colombo would be relocated within the next two years in high-rise community housing units that are to be developed for them within the city, Defence Secretary Gotabaya Rajapaksa said.
Mr. Rajapaksa revealed this and several other development plans that are underway in Colombo, while addressing the American Chamber of Commerce last Monday on “Development Plans for the City of Colombo.”

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(Source: Sunday Times)

Sri Lanka to construct new Colombo Port City at a cost of US$ 300 million

Under a presidential directive, the Sri Lankan government is to reclaim between 300-400 acres of sea land between the Colombo South Port Development project and the Galle Face Green in order to build a Port City at a cost of US$ 300 million.
The proposed offshore city, to be divided into three segments- business, residential and leisure, will be developed into a modern city with high rises, hotels, residential apartments, shopping malls, and other space to cater to the public needs.

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(Source: Colombopage)