Colombo International Financial City (CIFC) is a special financial zone that is expected to

become an International Financial Centre. It is situated in Colombo, Sri Lanka where the
former Port City was planned and is to be built on reclaimed land adjacent to the Galle Face
Green. The city will use construction resources from the Colombo Harbour Expansion Project,
currently under construction near the site of this proposed city.[1]
In 2016 the Port City project was again added in the Megapolis plan[2] and the government which
planned an International Finance center in Colombo with its own laws decided to sign a new
tripartite agreement which resulted in the project becoming the Colombo International Finance
City. Megapolis and Western Development Minister Champika Ranawaka, together with the
Urban Development Authority (UDA) and the CHEC Port City Colombo signed the new
agreement in August 12, 2016 and the city is expected to be governed under a new act named
Colombo International Financial Centre Law.[1][3][4]