On the morning of September 17, President Xi Jinping of China and President Mahinda Rajapaksa of Sri Lanka attended the commencement ceremony of Colombo Port City Project undertaken by CCCC and laid the foundation stone and cut the ribbon for it.
Firstly, the heads of the two countries arrived at the roof of the Port Building. In front of the sand table of Colombo Port City Project, Chen Fenjian introduced the information about the project to the leaders of the two countries and accompanied them to overlook the waters to be constructed in the port city. After that, the heads of the two countries came to the site of the commencement ceremony, kindly shook hands with the Company leaders and waved to the welcoming crowds around repeatedly.
Before the commencement ceremony of the project started formally, President Xi Jinping and President Mahinda Rajapaksa went to the foundation stone and pressed the button together. Then, the red silk over the foundation stone was lifted slowly and the full view of the foundation stone with black background and golden words appeared. The audience cheered enthusiastically with applause and the drummers played the drums passionately. This marked that the construction work of Colombo Port City Project started officially.
Then, the heads of the two countries went up to the reviewing stand. Chen Fenjian read the host address, “Let’s welcome President Xi Jinping of the People’s Republic of China and President Mahinda Rajapaksa of the Democratic Socialist Republic of Sri Lanka to cut the ribbon for the Bright Pearl on Indian Ocean - Colombo Port City Project.” Then, the heads took the scissors from the tray and cut the ribbon for the project. After that, “Jun Hai No. 2” drag-suction dredger on the waters of the reclamation area started.
This project is a comprehensive extra-large investment construction project jointly developed by CCCC and Sri Lanka Port Authority, integrating coastal reclamation, land first-level development and real estate development as a whole, and it will create a new CBD for Colombo. The first-phase investment of the project is USD 1.4 billion and it has been the largest foreign direct investment project in Sri Lanka so far. It is expected that it will drive the relevant investment worth USD 13 billion. The project plans to realize the 276ha coastal reclamation in 3 years, take shape in 5-8 years and fully be completed in 20-25 years. The planning building will be over 5,300,000m2, integrating commerce, business, entertainment and residence and other business types as a whole. The project is expected to create more than 83,000 employment opportunities for Sri Lanka. After its completion, it will allow about 270,000 people to live and become a pearl in South Asia on the Maritime Silk Road in the 21st century. It has an important strategic significance to promote the economic development of Sri Lanka and deepen the economic cooperation between China and Sri Lanka.
The leaders and personnel of CCCC Overseas Business Department, CHEC and relevant project construction units also participated in the event.