Nov 11, 2021

Port City contributes $ 13.8 Bn. to the country’s economy - PWC

The Port City Colombo project will add 13.8 billion U.S. dollars to the country's economy once fully operational, according to a study by PricewaterhouseCoopers (PwC).

The PwC study evaluated the impact of the Port City Colombo project on macroeconomic variables including employment, GDP, FDI, balance of payments, and government revenue, and was presented to the Colombo Port City Economic Commission on Tuesday, it was reported.

The PWC estimates the generation of jobs by Port City, GDP, foreign direct investment, balance of payments and the new government revenue generated by it.

Utilizing Sri Lanka's strategic location, Port City focuses on high value services such as ICT, maritime services, financial services and other professional services.