Sri Lanka, Jan. 14 -- CHEC Port City Colombo (Pvt) Ltd., the primary developer of Port City Colombo, has pledged approximately US$300 million in foreign direct investment to advance Phase II of the Port City Colombo project, marking a significant investment commitment at the start of the New Year and reinforcing confidence in Sri Lanka's long-term growth prospects.

The investment commitment follows the completion of the relevant regulatory processes and enables the next phase of development of Sri Lanka's largest and most significant urban development initiative. The US$300 million infusion underscores CHEC Port City Colombo's continued confidence in Sri Lanka's economic recovery and its commitment to the long-term delivery of the projec...