A Chinese company said yesterday it will resume construction of a USD1.5 billion port city project in Sri Lanka, about a year after it was suspended because of questions about its environmental impact.
A Chinese mega-project in Sri Lanka is set to recommence, after the Sri Lankan government announced that its concerns regarding the project “have been resolved.” Xinhua reports that Sri Lankan Minister of International Trade Malik Samarawickrema gave the green light for the $1.4 billion project to construct “Port City” near the Colombo Harbor. He promised that the government would officially inform the Chinese company involved (China Communication Construction Company Limited) next week.
The project was initially approved under previous Sri Lankan President Mahinda Rajapaksa. When President Maithripala Sirisena took office in early 2015, however, his administration suspended the project, citing supposed irregularities in the initial approval process. Now, roughly a year after construction halted, Port City is out of limbo. The Chinese government had been pushing for renewed approval for the project ever since Sirisena’s government suspended it; if all goes according to plan, Port City will be an important hub on China’s “Belt and Road” (all the more so as India has shown little interest in parcipating).
China’s $1.4 Billion Port City in Sri Lanka Given Green Light