Page 26 - CPM Sri Lanka-Chartered Manager-Sept. 2021
P. 26

THE INSTITUTE OF CHARTERED PROFESSIONAL MANAGERS OF SRI LANKA
                         SEPTEMBER 2021













        What was the need for reclaiming land from the        a metropolis that can compete with cities like
            sea?                                              Singapore, Hong Kong and Dubai.

        A reclaimed extension of the Colombo CBD was          A development of this magnitude requires an
        conceptualized during beginning of the millennia,     immense amount of planning with the assistance of
        however, it was actioned a decade later followed by   renowned consultants, significant investments into
        many studies, feasibilities, ecological and coastal   state of the art infrastructure and also a well thought
        impact assessment, environmental assessments          out strategy & positioning in order to derive the
        and deliberations with regard to the reclamation      highest socio economic benefits to country.
        process and to minimize any adverse impacts
        to the environment. A modern planned city                         This required an investor who not only
        was to address the issues of aged urban                            had the technical know-how but also
        infrastructure, ad-hoc developments,                                a strong financial capacity to ride out
        traffic & congestion, lack of public                                many economic cycles over the long
        spaces etc. Land acquisition can be                                  term as master-planned cities take
        time consuming and more costly and                                   decades to develop.
        the reclaimed land areas was a function
        of the length of the Colombo South
        Port Breakwater.

        Due to the natural
        sediment movement from
        south to the north, littoral
        sediments trapped by
        the Colombo South
        Breakwater made
        Port City a reality. Port
        City will reinvigorate
        the Colombo city as























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