China asks SL to protect interests of investors over Port City

8 March 2015 05:40 am Views - {{hitsCtrl.values.hits}} 10 Bookmark

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China has urged Sri Lanka to respect bilateral agreements and business contracts, and protect the interests of its investors following the suspension of a multi- billion-US dollar project, the Chinese Embassy said on Saturday.

At emergency meetings with Sri Lankan Prime Minister Ranil Wickremesinghe and Foreign Minister Mangala Samaraweera, Chinese Ambassador Yi Xianliang also asked the Sri Lankan side to cherish the results of mutually-beneficial cooperation between the two countries, the embassy said.

The Sri Lankan government decided on Thursday to temporarily suspend the Colombo Port City project pending an investigative report ordered by Prime Minister Wickremesinghe. China Communications Construction Company, the Chinese firm involved in constructing the mega port city, had agreed to halt its work on the ground.

The Association for Sri Lanka-China Social and Cultural Cooperation, a civic group in Sri Lanka, demanded the government retract its decision as the Chinese-funded Port City has created job opportunities and benefited the local economy.

The 1.4-billion-US dollar project, which was built on reclaimed land, was part of a deal reached between Sri Lanka and China under the former Sri Lankan government. The new government which took office following elections in January had wanted a review on the project.

Comments - 10

dayantha Sunday, 08 March 2015 11:17 AM

It is not the interest of investors, It is the interest over Sri Lankan Citizen !!!! It is not a Business, It is our Country!

30 37

ANTON Sunday, 08 March 2015 11:56 AM

YEAH......SRILANKA NEEDS MORE INFRASTRUCTURE PROJECTS AS FUTURE BUSINESSES AND THEIR DEVELOPMENTS DEPEND ON THAT.

15 30

Euclid Sunday, 08 March 2015 12:06 PM

China is now talking on ethics. They should have stopped bribing and getting projects right from the start. Now they have to face the consequences. The Chinese even supported the last regime on human rights violations which was a not an ethical way of getting projects at high costs.

32 33

de silva Sunday, 08 March 2015 01:06 PM

What are they talking.We did not you to invest.That was the former regime.So ask them about it.We do not want any chinese to have land in this country.

16 22

AJA Sunday, 08 March 2015 01:26 PM

Sorry State of the government totally mixed up working for iNDIAN RULE THATS ALL.

24 23

Sundram Sunday, 08 March 2015 02:16 PM

42 days are left for destroying our country.

21 33

Dalu Banda Sunday, 08 March 2015 05:22 PM

Yes, may be, according to the agreement, Sri Lanka Government has to pay all the expenditure incurred to the Chinese company, if unilaterally violate the agreement on it. Two governments know this facts but not the NGOs and misguided general public

3 17

gamaati Sunday, 08 March 2015 06:18 PM

having a chinese island in Sri Lanka is like having an ealam in the north.

20 15

korala Monday, 09 March 2015 09:05 AM

Indian government force them to stop it.

0 7

Nihal Amarasekera Monday, 09 March 2015 12:16 PM

Having caught the tiger (rather dragon) by the tail, no let go.

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