Results: 16

Port City can resume tomorrow if Chinese firm agrees to leasehold - Ravi

Port City can resume tomorrow if Chinese firm agrees to leasehold - Ravi

Finance Minister Ravi Karunanayake says that the Sri Lankan government is prepared give the go-ahead for the Colombo Port City project to resume even tomorrow, if the Chinese company agrees to begin the US$1.4 billion project on a 99-year lease. MORE.

December 12, 2015  10:17 pm|

Govt at risk of claims by Chinese port city project - document

Govt at risk of claims by Chinese port city project - document

Sri Lanka would be exposed to the risk of claims from the firm managing a suspended Chinese-backed real estate project if the government fails to obtain approvals needed by the project within 60 days, a government document showed on Thursday. MORE..

September 18, 2015  10:53 am|

No pressure from India on Port City project - govt

No pressure from India on Port City project - govt

The Sri Lankan government has denied reports that the Indian government is exerting pressure on it to stall the $1.4 billion Colombo Port City Project. MORE..

July 23, 2015  10:15 am|

India wanted Sri Lanka to stop Colombo Port City Gotabaya

India wanted Sri Lanka to stop Colombo Port City  Gotabaya

Former Defence Secretary Gotabaya Rajapaksa says that Indias National Security Advisor had requested the former Sri Lankan government to stop the Chinese-funded Colombo Port City project as it would pose a threat to that countrys security. MORE..

July 17, 2015  03:09 pm|

We dont know who to believe now Rajapaksa

We dont know who to believe now  Rajapaksa

Former President Mahinda Rajapaksa says that certain members of the government who had accused him of corruption in the constructing of the Colombo Port City project, during the Presidential Election, are now saying no such thing has taken place. MORE..

May 26, 2015  05:42 pm|

Sri Lanka fires fresh salvo at Chinese firm

Sri Lanka fires fresh salvo at Chinese firm

The Chinese company involved in the controversial US$1.4 billion Colombo Port City project has failed to furnish the necessary documents within the two-week deadline set by the new government, which is also reviewing other Chinese projects including a high-profile telecommunications tower, Sri Lankas finance minister said. MORE..

March 28, 2015  01:32 am|

Sirisena meets Chinas President amid new look at ties

Sirisena meets Chinas President amid new look at ties

Sri Lankan president Maithripala Sirisena has held talks with Chinese leader Xi Jinping amid efforts to recalibrate his predecessors strongly pro-China policies. MORE..

March 26, 2015  10:28 am|

President Sirisena leaves for Beijing

President Sirisena leaves for Beijing

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

March 25, 2015  02:10 pm|

Sri Lanka call for US $ 1.4b Chinese project to continue

Sri Lanka call for US $ 1.4b Chinese project to continue

Ahead of Sri Lanka President Maithripala Sirisenas first visit to China a local organisation called for Chinas largest investment project to resume, an official said on Tuesday. MORE...

March 25, 2015  10:03 am|

Will Chinese investors quit if Port City comes to a standstill?

Will Chinese investors quit if Port City comes to a standstill?

The temporary suspension of the Port City project in Colombo has put lot of Chinese investors in uncertainty regarding the Sri Lankan investment policy. MORE..

March 20, 2015  11:10 am|

Chinese PM to discuss suspended project with the President

Chinese PM to discuss suspended project with the President

Chinese Prime Minister Li Keqiang is likely to have friendly discussions with President Maithripala Sirisena who is scheduled to visit China later this month and negotiations with respect to the suspended Colombo Port City Project (CPCP) will be a high priority topic, Ada Derana learns. MORE...

March 18, 2015  12:02 am|

If this is good governance, then god bless Sri Lanka

If this is good governance, then god bless Sri Lanka

Former President Mahinda Rajapaksa says that politicians have now started to say things which should be said by the IGP or Attorney General and that politicians are the ones announcing who will be remanded, who will be arrested and within how many days. MORE..

March 12, 2015  04:39 pm|

Chinese firm confirms suspension of Colombo Port City project

Chinese firm confirms suspension of Colombo Port City project

China Communications Construction Company Limited (CCCC), the ultimate investor in the Colombo Port City Project, says that it will fully cooperate with the Government of Sri Lanka and continue to adhere to the procedures and conditions stipulated in the agreement entered into with the government. MORE..

March 7, 2015  11:50 pm|

Protest against Colombo Port City causes traffic jam

Protest against Colombo Port City causes traffic jam

Severe traffic congestion has been reported around York Street Fort in Colombo due to a protest against the Colombo Port City Project by environmental groups, police said.

March 3, 2015  04:58 pm|

China official says Colombo Port City project going ahead

China official says Colombo Port City project going ahead

The China-funded port city project in Colombo was going ahead, a top Chinese official from the company executing it said Wednesday, days after the new Sri Lankan government claimed the deal was still being assessed. MORE..

February 12, 2015  10:23 am|

Sri Lanka to go ahead with China-backed Port City Project

Sri Lanka to go ahead with China-backed Port City Project

The Cabinet has decided to continue with the Chinese-assisted Colombo Port City Project, cabinet spokesman Dr. Rajitha Senaratna said today. MORE..

February 5, 2015  04:41 pm|

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