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Sri Lankan government gets go-ahead to resume China funded Port City Project

Sri Lankan government gets go-ahead to resume China funded Port City Project  The Sri Lankan government has received the go-ahead to resume the China-funded Colombo Port City Project and accordingly the project agreement with China will be extended for another six months from mid-March. The current Sri Lankan government on 6th of March 2015 temporarily suspended the US$ 1.4 billion Colombo Port City project, launched by the previous government in partnership with China in September 2014, due to the environmental issues and called for a comprehensive environmental impact assessment. Following the environmental impact assessment (EIA), the Cabinet Committee on Economic Management has recommended allowing resumption of the project. "The Cabinet Committee on Economic Management has re...
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