Why is the development of the Port City spanning over 20 years?


Thulci highlighted that the Port City could be actually built within 10 years but only if there is adequate demand. Depending on the demand, the project can take 10 years, 20 years or if the demand is subdued it can even take 30 years because investors need to have confidence to come and build on it.

In terms of development, first phase (first 10 years) will cover predominantly commercial office. The second phase is more driven by residential requirements. The rationale is that Trade and Commerce has to commence for the Port City to generate demand for the residential space. 


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Channa Manoharan

Channa Manoharan

Advisory Leader / Chief Operating Officer, PwC Sri Lanka

Tel: +94 11 771 9700 ext.5002