Page 10 - CPM Sri Lanka-Chartered Manager-Sept. 2021

THE INSTITUTE OF CHARTERED PROFESSIONAL MANAGERS OF SRI LANKA
SEPTEMBER 2021
The emphasis made on sustainability for real
estate development is echoed in the wider
infrastructure development as well. The city
encourages a commuter, pedestrian and cycling-
friendly city with ample provisions for shaded
walkways, cycling tracks and integration with
public transportation including provision for an
elevated LRT line.
The concept of transit-oriented developments
are also explored where several real estate
developments would be integrated with
transportation infrastructure such as the
elevated LRT line. These developments are
expected to be highly densified with mixed uses
such as residential, office and retail thus, saving
public commute and travel within the city.
Finally, it has to be noted that Port City Colombo
is a long-term project which we envisaged to
be completed in 20 years. As market conditions,
urban planning, etc. evolve, there is provision for
the master plan also to be amended to reflect
these and remain relevant in the longer term.
Who are the creators of the master plan?
Development of the Master Plan was in
consultation with SWECO of Sweden, Atkins of
UK, Suburna Jurong of Singapore - the Master
Planners for the city of Singapore and AECOM of
USA. A benchmarking study of this master plan
against regional cities was also carried out by the
international real estate consultant, Jones Lang
LaSalle (JLL). No other commercial city in South
Asia boasts a Master Plan developed by world-
renowned consultants.
A testament to their planning excellence is
the multitude of international awards won
by the project such as the Silver Award for
Master Planning at the Singapore Landscape
8
Architecture Award 2017, the Gold Award at
Yuan Ye Urban Design Awards 2018, and an
honourable mention at the International
Federation of Landscape Architects AAPME
Awards 2018 and most recently Global Best
Project by International Engineering and
Construction News Magazine, Engineering News
Record (ENR) at their 8th Annual Global Best
Projects Competition in 2020.
The Port City Marina:
a luxury lifestyle destination
The Marina District looking out to the 5.8 ha
marina basin, just adjacent to Galle Face, is
a leisure destination organized in a “village”
structure with small intimate internal streets.
The quay is a place for an evening stroll and
offers breath-taking vistas of leisure boats in the
marina; a view that is just perfect as you shop,
dine and entertain.
The Port City Marina hopes to attract the luxury
and superyachts as well as attract international
regattas and luxury boat shows. This facility
would no doubt be a key attraction for Ultra
High Net worth Individuals to stop over as they
sail between destinations such as Dubai to
Singapore, Malaysia, and Thailand.
The 15 ha allocated for this precinct comprises
prime real estate for hospitality, retail, and
entertainment features as well as luxury
residences and amenities such as a yacht
club. The marina has the capacity to berth
approximately 200-220 luxury yachts.