Sri Lanka Likely to Re-start stalled Port City Project


The Sri Lankan government is likely to give its nod to re-start a stalled multi billion dollars China funded port city project in the island nation by early next year, Shanghai Daily citing a 'top official of Sri Lankan government'.

The official told Shanghai Daily that currently the Sri Lankan government was conducting high level discussions with the Chinese government over the status of the Chinese projects in Sri Lanka and the Sri Lankan government is likely to give its approval for the Port City project by February.

The US$1.4 billion Colombo port city project funded by the China Communications Construction Co was suspended by the Sri Lankan government in March after concerns were raised over some aspects of the project.

The construction of the project began in September last year and is set to attract billions of dollars as investments once completed.