The Ministry of Urban Development, Water Supply and Housing Facilities, the Urban Development Authority (UDA), and CHEC Port City of Colombo signed a tripartite agreement this week for the construction of a marina at Port City.
The agreement, which was inked on Tuesday (19 May), was signed by the Ministry of Urban Development, Water Supply and Housing Facilities Secretary Dr. Priyath Bandu Wickrema on behalf of the Government, UDA Chairman Harshan de Silva, UDA Director General Prasad Ranaweera, and CHEC Port City of Colombo Managing Director Jiang Houliang.
The work on the marina will include area for berthing of yachts, hotels, restaurants as well as many other facilities, and work is due to commence shortly with the signing of the agreement, the Ministry said.
The work on the short-term projects, which are expected to be completed in about two years, will be undertaken first while income generated from them will be used for the bigger projects, Ministry officials said.
(FT)