"This reclaimed land gives Sri Lanka a chance to redraw the map and to build a city of world class proportions and functionality - and compete with Dubai or Singapore," Saliya Wickramasuriya, a member of the Colombo Port City Economic Commission, told the BBC.
But critics question how much of an economic game changer it will really be for Sri Lanka.
But critics question how much of an economic game changer it will really be for Sri Lanka.