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 …

War of words between Chinese firm and Sri Lanka escalates over Colombo Port City

The war of words over the stalled Colombo Port City project escalated yesterday as China Communications Construction Company (CCCC) called the Sri Lankan government’s recent statement on the matter “factually incorrect”. Finance Minister Ravi Karunanayake had told the South China Morning Poston Friday that CCCC had failed to furnish the necessary documents within the two-week deadline set for it by …

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 …

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Sri Lankans call for US $ 1.4b Chinese project to continue

COLOMBO, March 24 (Xinhua)– Ahead of Sri Lanka President Maithripala Sirisena’s first visit to China a local organisation called for China’s largest investment project to resume, an official said on Tuesday. The Sri Lanka-China Social Cultural Cooperation Association told reporters the 1.4 billion U.S dollar port city project should not have been suspended. They also called on the government to …

Settling Colombo Port City impasse

During the pre-election period, serious allegations were made against the Government for excessive costs and massive corruption in the awarding of large public projects. It was claimed that the costs of some road projects were several-fold over the similar projects built elsewhere in the world and that the Chinese contractors were awarded contracts at exorbitant prices. Heavy criticism was directed …