SL urgently needs a high-end platform: China

11 May 2017 02:10 pm - 12 - {{hitsCtrl.values.hits}}

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China has said Sri Lanka is in urgent need of a high-end platform and the Port City Project is planned in the best interests of Sri Lanka.

“Sri Lanka is in urgent need of a high-end platform to attract financial institutions, multinational companies, shoppers, tourists as well as providing jobs to well-educated locals as a part of its post-war reconstruction. The Port City project is planned in the best interests of Sri Lanka,” said Sun Ziyu, Vice President of China Communications Construction Company (CCCC) in an interview with the South China Morning Post.

China is building a new city along Colombo’s coastline that will become the city’s central business district by 2030, creating 80,000 jobs for Sri Lankans, under the mainland’s “Belt and Road Initiative”.

With an initial investment of US$1.4 billion, Colombo Port City is China’s biggest project in Sri Lanka, a key node along the Maritime Silk Road of the Belt and Road plan.

Sun said the development within Sri Lanka’s biggest commercial city, which will be built on 269 hectares of reclaimed land, would accommodate 200,000 residents and consists of apartments, hotels, offices, shopping malls, exhibition centres.

He said the reclamation work had helped transform the area’s coastline which was previously hit by strong winds blowing towards the Indian Ocean making it less livable.

“This has also improved coastal protection, and is a boon to the environment,” he said.

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Comments - 12

Lilly Thursday, 11 May 2017 03:29 PM

This is how friends of Sri Lanka see the needs of SL

Dinesh Thursday, 11 May 2017 03:31 PM

Thank you China for your concern.

Calistus Thursday, 11 May 2017 03:37 PM

Going by all the Chinese developmental projects across nations China has replaced the US as the sole superpower

Demo Crazy Thursday, 11 May 2017 04:10 PM

jealousy or political revenge must not stop a countrys progress. we would have finished the project by now. via DM Android App

Sinister Thursday, 11 May 2017 04:52 PM

Why was this announced today? Coincide with Modi's visit?

Mason Thursday, 11 May 2017 06:42 PM

What a Godfather we have in China ! Unsolicited projects proposed and built for the future welfare of Sri Lanka. In the process the country is 'sold' to China by way of burdensome, unbearable debts.Will the Politicians who are responsible for this state of affairs, gwet us out of it ?

ReaderD Thursday, 11 May 2017 06:58 PM

Will take more than a decade for anyone to see the direction of progress. Not correct to say this part of coastline is less livable because strong winds, there has been no coastline to the west of marine drive to live. Even in future there will be strong winds but the two km wide new beach has to be protected to live. Nature will be same.

JAN Thursday, 11 May 2017 07:11 PM

Colombo Port City and Hambanthota port developed to world standards Geographically positioned HUB definitely attracts Shipping Tourism our Economy Booming Cheers for CHINESE Modern Technologists via DM Android App

Roshan Thursday, 11 May 2017 07:21 PM

This is MRs vision that was ridiculed by the present set of rulers. Shame via DM iOS App

Lankan Thursday, 11 May 2017 07:24 PM

Vanity project, complete waste of money and the country is mortgaged to China!

Spala Thursday, 11 May 2017 08:24 PM

Yesterday I saw a news item saying government spent 1.2billion allocated for 2017 to import duty free vehicles to SL. And the foreighn reserves down to 5billion. I think that is why Government going to sell SL to India this time..

Mason Friday, 12 May 2017 12:27 PM

You are quite right 100%.

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SL urgently needs a high-end platform: China

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