Sri Lankan port project gets nod
By Wang Qingyun | China Daily | Updated: 2016-01-16 08:33
The delayed Colombo Port City project, a plan to create a South Asian financial hub, has been given the green light, the Sri Lankan ambassador to China confirmed on Friday.
The $1.4 billion urban complex project will cover 233 hectares adjoining the Port of Colombo. The deal was signed between the Sri Lankan government and the China Communications Construction Co in November 2013.
"We feel Colombo is ideal for a South Asian financial hub," Ambassador Karunasena Kodituwakku said in an interview with China Daily.
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