Analysis: Harbor of Progress: Unraveling Sri Lanka’s Colombo Port City

Key takeaways 

  • The Colombo Port City is a Special Economic Zone (SEZ) project initiated in 2014, in collaboration with the Sri Lankan government and CHEC Port City Colombo Pvt. Ltd (CPCC), a subsidiary of China Harbor Engineering Corporation. 
  • The zone is housed across 269 hectares of reclaimed land from the Indian Ocean and is designed to be a financial and business nucleus, positioning the island as a key player in the international economic arena. 
  • Leased for a period of 99 years by China’s CPCC, the Port City has been a heated topic in geopolitical dynamics, particularly as it is mapped under China’s Belt and Road Initiative. 
  • As the country approaches pivotal presidential elections in 2024, close examination of the Port City’s legislature, key stakeholders, and interest areas is crucial for the future of the island.  


Read our analysis below. 


For additional information or to arrange a follow-up conversation, please email Michael Castle-Miller. 

Albright Stonebridge Group (ASG), part of Dentons Global Advisors, is the premier global strategy and commercial diplomacy firm. As a multidisciplinary advisory firm, we help clients understand and successfully navigate the intersection of public, private, and social sectors in international markets. ASG’s worldwide team has served clients in more than 120 countries.

ASG Analysis Harbor of Progress.pdf