The dredger "Wan Qing Sha" works at the construction site of the Colombo Port City project in Colombo Port City, Colombo, Sri Lanka in this Dec. 16, 2017 file photo. (Xinhua/Tang Lu)

COLOMBO, Jan. 16 (Xinhua) -- A China-funded port city being constructed in Sri Lanka's capital Colombo has completed the reclamation of land from the sea and will soon be ready for the second phase, China's CHEC Port City Colombo (Pvt) Ltd. said on Wednesday.

The mega 1.4-billion-U.S. dollar Colombo Port City project is co-developed by the Sri Lankan government and China's CHEC Port City Colombo (Pvt) Ltd under the Belt and Road Initiative.

In a ceremony held at the Colombo Port City, officials said the project had marked a milestone with the completion of land reclamation and the last of the four state-of-the-art dredgers used for the sand mining operation had left the project site.

In total, 269 hectares of land from the ocean had been reclaimed.

Minister of Megapolis and Western Development Patali Champika Ranawaka said the Colombo Port City was a technological marvel and one of the most spectacular development projects Sri Lanka had ever seen.

"Sri Lanka is going to be the center of change in the next few years and the Port City is going to be one of the most vital projects in getting us there. The city is going to make Sri Lanka become the center of South Asia," the minister said.

He added the Colombo Port City was part of China's Belt and Road Initiative, which was pushing Sri Lanka's economic outlook in an entire new direction.

Chinese Ambassador Cheng Xueyuan said at the event that the Colombo Port City was an important project of the Belt and Road Initiative in Sri Lanka and it would benefit the Sri Lankan people and society.

"Today, 269 hectares of land has been completely formed, ahead of schedule. This symbolizes that the friendship between China and Sri Lanka runs a long history and is worth more than the value of the investment," the ambassador said.

He further said that to date, the Colombo Port City had created more than 4,000 jobs for the local people, benefiting thousands of Sri Lankan families. At the same time, the Fisherman Livelihood Improvement Program implemented by the project company had benefited tens of thousands of fishermen and their families.

Based on advanced concept, rigorous and scientific construction technology and corporate culture focusing on team building, this project will have a huge contribution to Sri Lanka's social and economic development and improvement of people's living standards, the ambassador added.