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Mar 13, 2015

When did Sri Lanka temporarily suspended Colombo Port City Project of China?

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    Mar 15, 2015

    On 5 March 2015 Sri Lanka temporarily suspended Colombo Port City Project of China. The decision was taken at a Cabinet meeting chaired by Sri Lankan Prime Minister Ranil Wickremasinghe based upon the Interim Report submitted by a cabinet sub-committee. The Colombo Port City project is the single-largest foreign direct investment in Sri Lanka worth 1.5 billion US dollars. The project was inaugurated in September 2014 by Chinese President Xi Jinping. As part of the project, the Chinese company was to develop commercial and entertainment hub which includes shopping malls, water sports, golf, hotels, apartments and marinas.

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