The Port City Colombo project Archives

Port City Colombo project to add 13.8 bln USD to Sri Lankan economy: PwC Source:Island The Port City Colombo project will add 13.8 billion U.S. dollars to the country’s economy once fully operational, says 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. The study found that the project could progressively attract additional investments up to 12.7 billion dollars over the next 20 years. The PwC assessment evaluates the potential impact of the Port City Colombo across five key macroeconomic variables: Employment, Gross Domestic Product, Foreign Direct Investment, Balance of Payments, and Government Revenue. ...