-Chinese firm to invest $800 million on Sri Lanka Port City underground road

17 Apr 2018

A worker walks through the construction site for the Colombo Port City development in Colombo, Sri Lanka, on Friday, April 21, 2017. Once fought over by European powers, Sri Lanka is now benefiting from the attention of Asia’s biggest economies, drawn to its Indian Ocean location along some of the world’s busiest sea-lanes. The Chinese-financed $1.4 billion Colombo Port City project is its largest foreign-funded investment on record and Hong Kong-based Shangri-La Asia Ltd. is building an upmarket $400 million beachfront resort on Colombo’s main “Galle Face” beach front. Photographer: Taylor Weidman/Bloomberg

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