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Colombo Port City unveils revised DCR published via Extraordinary Gazette

Wednesday, 5 July 2023 00:34 –      – 72

The Colombo Port City has taken a significant step towards planned and sustainable urban development with the publication of the updated Development Control Regulations (DCR) in the extraordinary gazette No 2334/47 on 2 June. This updated version represents an enhanced version of the initial publication in April 2022.

The publication of the DCR 2023 marks an important milestone, as it enables the Colombo Port City Economic Commission to accept development proposals for evaluation.

As a result, the Colombo Port City Economic Commission is now open to receiving development proposals for evaluation and the issuance of Planning Clearance, Development Permits, and Certificates of Conformity, aligned with the approved Master Plan – Spanning a buildable area of 6.3 million square meters, that will offer a world-class environment for various amenities, including a Marina Facility, Luxury Villas, Apartments an Integrated Resort, Convention Centre, International School and University, a Hospital and a Financial Centre etc.

These said and all developments of Colombo Port City will be subjected to the regulation of the newly published DCR 2023.

The primary objective of 2023 for Colombo Port City is to benefit developers, residents, investors, and all stakeholders, including the surrounding community. These regulations establish guidelines for development intensity, building height, and overall construction framework across all plots within Colombo Port City. They serve as a vital planning tool, ensuring logical and orderly development.

By providing landowners and developers with a clear understanding of the permissible development on each of the 74 plots, the DCR 2023 fosters transparency and efficient decision-making. Furthermore, it encompasses a comprehensive framework covering building masses, land uses, solid void ratios, green and public spaces, local characteristics, utility networks and usage, sustainability measures, and more.

The published DCR 2023 marks another key goal post, for the Colombo Port City Economic Commission for the Investors to commence their journey, in the realization of Colombo Port City’s immense potential for economic growth and innovation through iconic Architecture which brings world-class buildings to this City.

The Commission is committed to fostering a successful ecosystem that attracts global investment and drives sustainable development in Sri Lanka.

Development Control Regulations published by the Gazette Democratic Socialist Republic of Sri Lanka, Extraordinary No 2334/47, 2023.06.02.

http://documents.gov.lk/files/egz/2023/6/2334-47_E.pdf

 

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