header logo
Vallibel FD
Selan Bank
Latest
President Sirisena leaves for Beijing
Mar 25, 201502:10 PM
President Sirisena leaves for Beijing
Mobitel inner 1278

President Maithripala Sirisena today left for Beijing commencing a four-day state visit on the invitation of Chinese President Xi Jinping.

 

The President, First Lady Jayanthi Sirisena and a delegation boarded a SriLankan Airlines passenger flight at around 1.20pm today, the Presidential Media Unit said.

 

Ministers Mangala Samaraweera, Patali Champika Ranawaka, Rajitha Senaratna, Ravi Karunanayake, Rauf Hakeem, Wijedasa Rajapaksa and Field Marshal Sarath Fonseka are accompanying the President.  

 

Sirisena will hold talks with Chinese President Xi Jinping along with other members of the leadership on a range of topics including the port city project.

 

According to reports, the President will attempt to rebalance ties with Beijing, in the wake of the halting of construction at the 1.4 billion U.S dollar Chinese-funded port city project in Colombo.

 

The project, which is the largest foreign investment deal in Sri Lanka, was suspended by the new government that was elected in January over environmental concerns, which the Chinese company has denied.

 

The government is also concerned over the Chinese company owning about 100 hectares of the 233 hectares to be reclaimed from the sea for the project.

 

Foreign Minister Mangala Samaraweera visited Beijing a month after Sirisena came to power.

 

Colombo is also seeking to renegotiate huge loans given by China for projects at rates as high as 8 percent, Finance Minister Ravi Karunanayake told reporters recently.

 

China had emerged as Sri Lanka’s biggest single financier, accounting for about 40 percent of some $2.03 billion in foreign money spent on infrastructure projects in 2013, according to the latest Central Bank of Sri Lanka report.

 

 

 

 

 

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them (mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Comments

0
Comments are disabled

Note: Due to legal constraints, the Ada Derana Editorial team has taken a decision to disable comments on all articles concerning ongoing court procedures.

MostRead
Mobitel 1278
VideoStories
“No referendum, only special majority required” SC clears 22A for parliamentary approval

“No referendum, only special majority required” SC clears 22A for parliamentary approval

 “This is a conspiracy against democracy” Opposition vehemently oppose 22nd Amendment

“This is a conspiracy against democracy” Opposition vehemently oppose 22nd Amendment

Easter Sunday Attack Trial: Final verdict delivered 15 found guilty, 9 acquitted and released

Easter Sunday Attack Trial: Final verdict delivered 15 found guilty, 9 acquitted and released

“Only the corrupt should fear new amendments” 22A will be enacted despite opposition – Govt.

“Only the corrupt should fear new amendments” 22A will be enacted despite opposition – Govt.

Low-pressure system near SL to intensify into depression; Relentless rains to continue till Sept. 25

Low-pressure system near SL to intensify into depression; Relentless rains to continue till Sept. 25

“A mother’s poignant plea”  Relatives pursuing pardon for Lankan sentenced to death in Saudi Arabia

“A mother’s poignant plea” Relatives pursuing pardon for Lankan sentenced to death in Saudi Arabia

11 vehicles involved in multi-vehicle crash on expressway; Police urge motorists to wear seatbelts

11 vehicles involved in multi-vehicle crash on expressway; Police urge motorists to wear seatbelts

Speaker to announce SC determination on 22A tomorrow; Parliament to debate Bill amidst opposition

Speaker to announce SC determination on 22A tomorrow; Parliament to debate Bill amidst opposition

Adverse weather wreaks havoc across Sri Lanka; Showers to persist as low-pressure system develops

Adverse weather wreaks havoc across Sri Lanka; Showers to persist as low-pressure system develops

Promises, relief and concessions galore… President at Akuressa rally signals tax cuts in 2027 budget

Promises, relief and concessions galore… President at Akuressa rally signals tax cuts in 2027 budget

“Two kilos of paddy needed to buy a bar of soap”Farmers struggle as paddy prices fail to cover costs

“Two kilos of paddy needed to buy a bar of soap”Farmers struggle as paddy prices fail to cover costs

"Prices at the moment are quite high" Govt. weighs fuel price revision amid rising global oil prices

"Prices at the moment are quite high" Govt. weighs fuel price revision amid rising global oil prices

“Sri Lanka will meet its demise  if Namal assumes the presidency” – Sarath Fonseka

“Sri Lanka will meet its demise if Namal assumes the presidency” – Sarath Fonseka

Seat belt rule enforced from today;  Legal action against those who violate the law

Seat belt rule enforced from today; Legal action against those who violate the law

‘Govt. must not undermine the people's power’  – Opposition Leader Sajith Premadasa

‘Govt. must not undermine the people's power’ – Opposition Leader Sajith Premadasa

Lassana Flora