Positive Outlook On Colombo Port City In PwC Report
Posted 10,November

By Chaveendra Dunuwille

In Local News

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The latest assessment of the Colombo Port City project by PricewaterhouseCoopers (PwC) identified an additional $13.8 billion to the Gross Domestic Product of Sri Lanka from a fully operational Port City. 

The report evaluated the potential impact of the CPC across five key economic variables. The variables are employment, Gross Domestic Product, Foreign Direct Investment, Balance of Payments & Government Revenue. 

As an extension of the Colombo Central Business Area, Port City envisions itself as a hub for ICT services, Maritime Services, Financial Services, and other professional services. It plans to leverage Sri Lanka’s strategic location, skilled talent pool, and low-cost environment. 

The project is expected to be completed by the next 20 years and will attract an additional revenue of $12.7 billion from the globally competitive business environment. 

The PwC report stated that Sri Lanka would develop significantly as a result. The report further adds that both the construction & operational stages will directly contribute to economic growth while indirectly contributing if adequately integrated into the economy. 

The full report is available on the PwC website and its social media accounts.