Lankapage Logo Recent Top Stories
CP 16 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka considers restarting China-funded Colombo Port City Project in six months
Thu, Oct 8, 2015, 06:36 pm SL Time, ColomboPage News Desk, Sri Lanka.

Oct 08, Colombo: The Sri Lankan government, considering to restart the controversial China-funded Colombo Port City Project, has received approval from the Cabinet of Ministers to appoint a new committee to review the agreement with Chinese agencies on the project.

The Cabinet last month granted approval to extend the agreement between Colombo Port City Development Project Company and the Government of Sri Lanka for another six months.

Minister of Ports and Shipping Arjuna Ranatunga proposed the appointment of a new ten-member committee consisting of senior officials and headed by the Secretary to the Prime Minister to review the agreement and make recommendations to the Ministerial Committee on Economic Management.

Cabinet spokesman and Minister Rajitha Senaratne at the weekly cabinet news briefing today said the Cabinet has already approved the extension of agreement signed between the Government and the China Harbour Engineering Company (CHEC) for another six months from 15 September 2015 to 15 March 2016.

Minister Senaratne said the Extension Agreement will enable negotiations between the government and the Project Company and also allow time to review the agreement and introduce the necessary amendments to the agreement.

The current government on 6th of March 2015 temporarily suspended the US$ 1.4 billion project launched by the previous government in partnership with China in September last year. The project was funded by the China Communications Construction Company Limited (CCCC).

The government said it was reviewing the award of the project to China Communications Construction Co Ltd over the allegations that the previous administration breached local laws and sidestepped environmental requirements for the deal.

However the government said recently that the project would continue and be part of its megapolis development in order to transform the country into a "smart and technologically advanced nation" in the coming five years.

 


Recommended Articles in ColomboPage ::
ColomboPage - Recent 10 Stories ::
Two youths attempting to take selfie gone missing in sea
-- [9 hours ago]
Minister requests trade unions to postpone postal strike until Friday
-- [9 hours ago]
Term of Presidential Commission probing corruption and fraud extended
Paddy purchasing in Northern Province begins
UN expert to visit Sri Lanka to assess rights to freedom of peaceful assembly and of association
Sri Lanka postal workers to launch 48-hour strike from 4 pm today
Three faculties at Ruhuna University to be reopened tomorrow
Navy nabs person with over 3200 illegally harvested conch shells
CID grills former Defense Secretary Hemasiri Fernando for nine hours
National Authority on Tobacco and Alcohol Act strictly enforced island wide from today

Copyright © 2000, 2015 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.