By: Staff Writer
January 16, Colombo (LNW): Colombo City Marina is set to become a standout feature of Sri Lanka’s vibrant capital, blending luxury and innovation. This ambitious project promises to offer a one-of-a-kind experience, allowing visitors to sail through Colombo’s scenic waters while enjoying views of the city’s modern skyline. The Marina is expected to leave a lasting impact, offering unforgettable memories for all who visit.
As the first luxury yacht marina in South Asia, the development will accommodate up to 250 mid-sized vessels and be located within the renowned Port City Colombo. The Marina precinct will also feature top-tier hotels, gourmet dining, upscale retail outlets, entertainment centers, and recreational spaces, making it a comprehensive luxury hub for both tourists and locals.
Kapila Jayawardena, Group Managing Director of LOLC Holdings PLC, recently expressed that the US$ 120 million Marina development at Colombo Port City is poised to revolutionize Sri Lanka’s tourism and maritime sectors.
Speaking at the groundbreaking ceremony, Jayawardena emphasized that this project represents a significant milestone for both Colombo Port City and Browns Investments PLC. He described it as a transformative development that could redefine the nation’s tourism and maritime industries.
Sri Lanka has faced significant challenges in recent years, including economic uncertainty and global crises. Despite these setbacks, Jayawardena pointed to the country’s resilience and the optimism of international investors, who are seeing greater opportunities in Sri Lanka. The groundbreaking event symbolized the perseverance and capability of LOLC-Browns in driving major projects that will shape Sri Lanka’s future.
As the largest and first investor in Colombo Port City, Browns Investments has secured six strategically important land parcels. Jayawardena expressed confidence that Colombo Port City will emerge as one of the world’s top special economic zones, attracting much-needed foreign investment and creating numerous jobs for Sri Lankans.
The Group Managing Director also highlighted the importance of infrastructure development in driving economic growth. He praised the partnership between the Government and CHEC for their continued support in realizing this ambitious vision. With the strategic location of Sri Lanka at the crossroads of global maritime routes, Jayawardena sees the Marina development as a unique opportunity to create a full-service maritime hub.
Spanning 37,776 square meters, the Marina will boast modern facilities such as sunset bars, seaside restaurants, retail outlets, and entertainment areas. It will also have berthing capacity for up to 200 mid- to large-sized yachts, addressing a critical infrastructure gap in the region. This initiative is expected to position Sri Lanka as a key player in luxury maritime tourism, making it an attractive destination for international visitors.
Jayawardena emphasized that the $120 million project is not just about constructing buildings, but also about fostering economic growth, boosting investor confidence, and showcasing Sri Lanka’s potential in both luxury tourism and maritime industries. He foresees that by 2027, when the Marina is fully operational, it will symbolize the nation’s economic progress and contribute to its growth story.
LOLC and Browns remain committed to investing in projects that drive Sri Lanka forward, creating value and enhancing the country’s international standing. Jayawardena concluded by reiterating their dedication to shaping a future where Sri Lanka becomes a leading destination for luxury, innovation, and opportunity.
