port-city

All set to go for Port City

Fresh from what he described as a successful tour of China, a top Minister yesterday insisted Sri Lanka had resolved its differences with Beijing and was ready to recommence a $ 1.4 billion Port City project with environmental clearance already granted. Having concluded his visit to China, Strategic Development and International Trade Minister Malik Samarawickrama said that he was upbeat …

Gammon Group to build $1.2b Free Zone in Lanka

THE Dubai-based Gammon Group will develop a Free Zone and implement other projects worth $1.2 billion in Sri Lanka, according to its Chairman Sheikh Rafik Mohammed. “The government of Sri Lanka has agreed to provide all the facilities, including 700-800 acres of land, for setting up of the projects in the pattern of Dubai Free Zone projects.” “There have been …

Shangri-La launches Rs. 200 million luxury apartments in Colombo

The Hong Kong based Shangri-La Group has launched its luxury apartments being constructed under its USD 608 million investment mixed development project at Galle Face in Colombo. The prices of these luxury apartments range from USD 700,000 (approximately Rs. 95 million) to USD 1.5 million (approximately Rs. 204 million) each, says Shangri-La. According to the developers, the smallest apartment is …

Passport of CHEC senior impounded

Colombo Chief Magistrate Gihan Pilapitiya has yesterday ordered to impound the passport of San Ya Peng, director of China Harbor Engineering Company Ltd (CHEC). The Criminal Investigations Department (CID) has reportedly arrested him recently at the Bandaranaike International Airport when he was trying to leave the country. Media reports state that San has been accused of not paying the bills …

PM orders immediate measures to renovate five main reservoirs in Sri Lanka’s war-torn north

Sun, Mar 29, 2015, 07:02 pm SL Time, ColomboPage News Desk, Sri Lanka. Mar 29, Kilinochchi: Sri Lanka’s Prime Minister Ranil Wickramasinghe has instructed the relevant Authorities to take immediate steps to renovate five main irrigation reservoirs in the conflict-affected north. The Prime Minister, who is engaged in a tour in the Northern Province, gave the instructions to renovate five …

Sri Lanka, China end stalemate over Colombo Port Project

Mar 27, Colombo: Sri Lanka and China have ended the stalemate over the Chinese-funded US$ 1.4 billion mega development project suspended by the new government and agreed to put the project back on track. Sri Lanka’s new President Maithripala Sirisena, who is visiting China for the first time since he assumed office, had successful discussions with the Chinese leaders affirming …

Uma Oya project: More damages than benefits

    By Shanika Sriyananda She walked carefully on the floor fearing that her weight may deepen those cracks on the walls of her house. A larger crack which appeared recently from the wall is now running through her garden, dividing the land into two. She has put a wooden plank to bridge the two sides. “Even when we are …

Colombo Port City project back on track

China’s biggest investment project in Sri Lanka, the Colombo Port City Project which was suspended for months by the new government is to continue, Assistant Minister of Chinese Foreign Affairs Liu Jianchao said. According Jianchao, Sri Lankan President Maithripala Sirisena has told Chinese counterpart Xi Jinping on Thursday that ‘what happened around the port city of Colombo is temporary and …