Maithripala Sirisena

Sri Lankan government lifts suspension on China-funded Port City project

Date of Release: 
Dec 28 2015

Desperate to attract investment funds, the Sri Lankan government has lifted its suspension of the China-funded Colombo Port City (CPC) project. Finance Minister Ravi Karunanayake told the South China Morning Post: “We have given all the necessary clearances. Now it is up to the investors to sort out the minor details.”

According to officials of the Chinese state-controlled China Communications Construction Company (CCCC), which is financing the $US1.4 billion project, the CPC is expected to restart around February, once final details are worked out.

Syndicate content