Caixin
BUSINESS & TECH

New City Rises in Sri Lankan Capital on China ‘Belt and Road’ Support

By Yuan Suwen and Teng Jing Xuan
The Colombo International Financial City project is the first public-private partnership in Sri Lanka for  China Communications Construction Co. Ltd. Above, excavated land that is part of the International Financial City project is seen from the top of the Colombo World Trade Center. Photo: Caixin reporter, Yuan Suwen.
The Colombo International Financial City project is the first public-private partnership in Sri Lanka for China Communications Construction Co. Ltd. Above, excavated land that is part of the International Financial City project is seen from the top of the Colombo World Trade Center. Photo: Caixin reporter, Yuan Suwen.

COLOMBO, Sri Lanka — The Hilton Hotel, built on American investment more than 30 years ago, and the 20-year-old World Trade Center, financed by Singaporean investors, still tower over the central business district in Colombo, Sri Lanka’s commercial capital.

But the view from the top floor of the Hilton is changing dramatically. Between the new Colombo South Port and the Fort Lighthouse, specialized dredging vessels are depositing sand excavated from the seabed to build up a planned 269 hectares (665 acres) of reclaimed land.

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