Colombo Port City is a proposed offshore city in Colombo

Colombo

Colombo is the largest city of Sri Lanka. It is located on the west coast of the island and adjacent to Sri Jayawardenapura Kotte, the capital of Sri Lanka. Colombo is often referred to as the capital of the country, since Sri Jayawardenapura Kotte is a satellite city of Colombo...

, Sri Lanka

Sri Lanka

Sri Lanka, officially the Democratic Socialist Republic of Sri Lanka is a country off the southern coast of the Indian subcontinent. Known until 1972 as Ceylon , Sri Lanka is an island surrounded by the Indian Ocean, the Gulf of Mannar and the Palk Strait, and lies in the vicinity of India and the...

 which is planned to be built on reclaimed land adjacent to the Galle Face Green

Galle Face Green

The Galle Face is a promenade which stretches for half kilometre along the coast in the heart of financial and business district of Colombo, Sri Lanka...

. The city will use construction resources from the Colombo Harbour Expansion Project, currently under construction near the site of this proposed city.

The New Port City is a concept of President Mahinda Rajapaksa

Mahinda Rajapaksa

Percy Mahendra "Mahinda" Rajapaksa ; ; born November 18, 1945) is the 6th and current President of Sri Lanka and Commander in Chief of the Sri Lankan Armed Forces. A lawyer by profession, Rajapaksa was first elected to the Parliament of Sri Lanka in 1970, and served as prime minister from April 6,...

 who was apparently inspired while out on a visit to inspect the landfill being constructed for the Colombo South port.

Geography

The Port city is to be constructed between the Southern edge of the new Colombo South Port and the Fort Lighthouse. The total area of sea to be reclaimed is 450 acres.

Construction

The construction is set to begin in March 2011 with an initial budget of $450 million. Land reclamation is expected to be completed by the end of 2012, while subsequent infrastructure construction is projected to take another one and a half years.

The proposed city will be built on 2 square kilometre of reclaimed land

Land reclamation

Land reclamation, usually known as reclamation, is the process to create new land from sea or riverbeds. The land reclaimed is known as reclamation ground or landfill.- Habitation :...

, stretching out 2 km (1 mi) from shore.

Formula One track

The New Port City is to include a new Formula One

Formula One

Formula One, also known as Formula 1 or F1 and referred to officially as the FIA Formula One World Championship, is the highest class of single seater auto racing sanctioned by the Fédération Internationale de l'Automobile . The "formula" designation in the name refers to a set of rules with which...

 track, constructed in the vicinity of the Colombo Harbour

Colombo Harbour

The Colombo Harbour is the largest and busiest port in Sri Lanka. Located in Colombo, on the southwestern shores on the Kelani River, it serves as an important terminal in Asia due to its strategic location in the Indian Ocean...

. According to Dr. Priyath Wickrama, the Chairman of the Sri Lanka Ports Authority

Sri Lanka Ports Authority

Sri Lanka Ports Authority is a government agency responsible for the development and maintenance of all commercial ports in Sri Lanka. It is also responsible for the maintenance and operations of lighthouses in Sri Lanka...

, says an eight lane F1 track will “definitely” be a part of the New Port City. The circuit is to be located in the city whilst allowing for maximum leeway for commercial activities.