Galle Face Green

China to build Colombo port city as part of biggest foreign investment received by Sri Lanka

Date of Release: 
Mar 11 2016

Sri Lanka Thursday gave go-ahead to a China-backed project to build a port city in Colombo a year after it had been suspended due to environmental concerns. The $1.4 billion project, the biggest ever single foreign investment received by the South Asian nation, falls on China's ambitious 21st Maritime Silk Route.

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