The Sri Lanka Ports Authority has undertaken a massive project to develop the Galle Face area and its immediate surroundings with a total investment of around US $ 100 million. The Ports Authority plans to reclaim 400 acres from Galle Face from the sea with the aim of expanding the land extent of Galle Face area.
The Galle Face expansion project will commence in another three months. The Ports Authority hopes to conclude the Galle Face expansion project within two years.
Sri Lanka Ports Authority Director Prasanna Kalutarage said they hope to sell a perch in the above area for Rs 10 million.
The land will be used to build commercial buildings, luxury hotels and other high rise buildings.
Many local and foreign investors have already shown their willingness to invest in the newly acclaimed area.
In addition to that plans are on to handover the administration in the food court in the Galle Face green area to a leading international food chain in the next two months.
“With the conclusion of the Galle Face expansion project, we are hoping to commence a speed boat service using the Galle Face sea area,” Kalutarage said.