China's biggest investment project in Sri Lanka, the Colombo Port City Project which was suspended for months by the new government is to continue, Assistant Minister of Chinese Foreign Affairs Liu Jianchao said.
According Jianchao, Sri Lankan President Maithripala Sirisena has told Chinese counterpart Xi Jinping on Thursday that ‘what happened around the port city of Colombo is temporary and the problem does not lie with the Chinese side’.
Sirisena's administration has ordered a review of the $1.4 billion Colombo port city project over allegations of wrongdoing since he took office in January.
The suspension caused concern to the Chinese who defended the project as being in line with local laws. China, which has invested millions of dollars in Sri Lanka's infrastructure, is now the island's biggest backer.
Aaccording to China Daily, Liu has told reporters that Sirisena said Sri Lanka is appreciative of China's support and assistance for the development of major infrastructure projects, including a new international port at Hambantota.
The Sri Lankan president promised that his country will continue to provide good conditions and environment for China's investment, Liu said.
China ‘puts Sri Lanka in an important position in neighborhood diplomacy’, Xi said during the meeting, pledging that the two sides will continue to deepen cooperation in every sector.
very good decision. we cant take this country back to stone age.
Sumana Thursday, 26 March 2015 03:06 PM
There is nothing wrong with the projects as Basil is No more to take commisions
Laminate Thursday, 26 March 2015 03:07 PM
Well said, Oldie, 100% agree with you.....
Giabao Thursday, 26 March 2015 03:15 PM
Sri Lanka is going to graduate from being "Wonder of Asia" to the "Laughing stock of Asia".
chami Thursday, 26 March 2015 03:17 PM
as far as SL development is concerned this better continue cause no one pumps $ to this soil without any profits in this case China is same but what benefits SL get cannot count at narrow.
Pottaya Thursday, 26 March 2015 09:00 PM
Buffalo, There is no Sri Lankan funds invested in this project. All money comes from the company that is building it and they get some portion of the land in return.
BuffaloaCitizen Thursday, 26 March 2015 03:25 PM
Lasith Friday, 27 March 2015 11:29 AM
Sri Lanka was never the Wonder of Asia... always being the Laughing stock of Asia.... so there is nothing to graduate.
Waco Thursday, 26 March 2015 03:28 PM
Very good news. China is our best friend, I reiterate. Their support is extremely important for Sri Lanka to face day to day problems. We must be with them openly. Our none-alined policy is not going to take us any where.
LKY Thursday, 26 March 2015 03:44 PM
Lee Kuan Yew died recently. He was instrumental in building Singapore to what it was today. His family is still in power. Does this sound familiar ?
pubudu Thursday, 26 March 2015 09:31 PM
China is NOT our friend. They have their own interests, strategic and big business. See just how they exploid certain African countries.
Esala Friday, 27 March 2015 06:43 AM
Ranil where is your election promises. You told that stop immediately after you elected.
kommis malli Friday, 27 March 2015 12:08 PM
China gets its Diego Garcia in our island ??
et Thursday, 26 March 2015 04:33 PM
wow really how nice...
kommis malli Friday, 27 March 2015 12:11 PM
China build super stadium,airport,conference center,kidney research center and hospital and 7 star hotel in Polonnaruwa.
de silva Thursday, 26 March 2015 04:49 PM
It seems to be china has played the same game they played with the old regime.Naturally the old goons are now with this government also.So the YAHAPAALANA continues.
devin Thursday, 26 March 2015 04:52 PM
@Sumana. so you dont care about the environment or the fishermen of this country?
Tintin Friday, 27 March 2015 07:24 AM
Buddy, sounds very familiar, except that you forgot to mention that Singapore is one of the LEAST corrupt countries in the world, starting from LKY.
BuffaloaCitizen Thursday, 26 March 2015 04:55 PM
SL is not a country such as Singapore or Maldives where land is limited nor is it Dubai where money is unlimited where they can create a mass land equal to Sri Lanka. Spending public money on reclaiming 230 hectacres of sea is a utter crime when such land can be surveyed and obtained inland adjoining the sea. This shows the level of extravagant and horrific abuse by no other than President Rajapakse. This port city could have been constructed at 1/3 the cost elsewhere inland by the sea.
kan Thursday, 26 March 2015 04:56 PM
If it is so, then poor or rich living close to the sea or sea-beaches will witness disasters soon. This is sure and not a joke.
lankaman Thursday, 26 March 2015 05:05 PM
This was a foregone conclusion
kukula Thursday, 26 March 2015 05:23 PM
Was any disclosure made by the Chinese government on the amount of commissions paid to MR
Lakshman De Silva Friday, 27 March 2015 08:21 AM
President sirisena was also a part of the Government that approved this project. Sirisena used this project to come to power by criticizing and now he is back with China
Wildwine Thursday, 26 March 2015 05:51 PM
"Dubai where money is unlimited" BTW did you check their DEBT/GDP ratio, it is way over 100%. Can you also suggest from which part of Colombo coastal belt can we survey 230 acres? You may not like to admit, but this is the kind of project that takes Sri Lanka to next level of Development. Getting a USD 1.5B investment is not an easy thing; but stopping it is very easy.
antiBuffaloa Thursday, 26 March 2015 06:27 PM
@BuffaloaCitizengo and learn what an investment means. This money does not come from the treasury of the GOSL. But from China.
Sumana Thursday, 26 March 2015 06:49 PM
@devinA report has shown that it woudl not affect Fishermen. Fishermen fish further away
herath Thursday, 26 March 2015 07:09 PM
Yes Mr Prasident. You must continue this valuable project and you must start more new nation building projects soon. other wise you will go home WE NEED SEE THE DEVELOPMENT OF THIS COUNTRY BEFORE WE DIE. not the bloody jokes. Please take Mr late Mr Lee Kuwan as an example who build the Singapore
sg Friday, 27 March 2015 03:06 PM
Way of the development every aspects
BuffaloaCitizen Friday, 27 March 2015 10:38 AM
Did u hear of Lee Kuan Yew chartering an aircraft to go to Jamaica with his hangers-on to watch cricket finals? Did Lee Kuan Yew ever take 160 hangers on for an official visit to a country? Did Lee Kuan Yew ever build egoistic mega projects out of public money that are total bankrupt ideas?
Oldie Thursday, 26 March 2015 02:44 PM
If old rogues can get back to Parliament why not the projects...... via DM Android App
ranga Thursday, 26 March 2015 08:05 PM
Modhi comes...projects stops...china going projects commence...we are the losers for voting for these jokers...
Premalal Thursday, 26 March 2015 02:54 PM
If this was so easy why was the huge song and dance?
Dayawathjie Thursday, 26 March 2015 03:02 PM
Finally common sense prevails
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