📈 Port City Colombo Enters Active Phase with First Residential Groundbreaking

• Project Milestone: Port City Colombo has officially transitioned from regulatory readiness to active private-sector delivery with the groundbreaking of its first residential project, "Bay One Residences Colombo." • Investment Details: Developed by ICC Port City (Pvt) Ltd, the project represents a total investment of approximately US$ 112 Mn. The development is situated on a 13,945-square-meter waterfront plot. • Residential Capacity: The complex will feature 231 luxury apartment units designed to international standards, targeting both local and global investors within the Special Economic Zone (SEZ). • Economic Impact: This move signals growing private-sector confidence in Sri Lanka’s flagship urban development project. The SEZ aims to position the nation as a competitive hub for global capital, services, and talent. • Development Status: With the first phase of infrastructure on the 269 hectares of reclaimed land completed, the project marks the physical shaping of the city’s mixed-use ecosystem.