Sri Lanka Ports Authority planed to develop Colombo Port City Project - Phase 2 in the southern coastal waters of Container Terminal of Colombo Port, Colombo, Sri Lanka. The BOOT/PPP developer of the project was CHEC Port City Colombo (Pvt) Ltd, a subsidiary of China Harbour Engineering Co Ltd. Government of Sri Lanka was responsible for providing approval to study, the construction of marine area, and municipal infrastructure. The master plan consultancy was Sweco AB. The Phase 2 project would developed in a typical Public-private partnership (PPP) mode and covered the construction of roads, green space, water supply, drainage, power supply, communication system, pipe lines and other infrastructure utilities. This phase was still under planning. After the completion of the project, it would transform Colombo into a International Financial Center. The port city would contain integrated development in financial business, retail, residence, healthcare, education, leisure and entertainment. Project was located in the city along Belt and Road and co-developed by local government of Chinese companies. It was also emblematic of China’s strategy of developing a maritime Silk Road from Asia to Europe.