April 26, 2024 9:54 pm
Results: 23
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.
Sri Lanka has given approval for SAARC satellite project
Sri Lanka has given its approval for SAARC satellite project, one of the mandatory requirements for ITU registration before the launch even as the Indian Space Research Organisation (ISRO) waits for nod from other countries. MORE..
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..
Government to continue mega reservoir project
President Maithripala Sirisena has assured that he will continue a multi-million-dollar mega dam project in the central part of the island nation and stressed that he would not allow its discontinuation, an official said. MORE...
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..
India wanted Sri Lanka to stop Colombo Port City – Gotabaya
Former Defence Secretary Gotabaya Rajapaksa says that India’s 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 country’s security. MORE..
We don’t 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..
CCCSL maintains Southern Railway project built on low costs
The Chinese Chamber of Commerce in Sri Lanka (CCCSL) on Friday rejected the accusation by the new government that the Southern Railway project in the island nation was constructed on a higher cost than the Northern Railway project. MORE..
Former President dismisses infrastructure project allegation
The Media Coordinating Secretary of Former President Mahinda Rajapaksa on Sunday (5) dismissed allegations leveled by Minister Kabir Hashim about several infrastructure projects initiated by the ex-government. MORE...
Sri Lanka to resume road development projects with China
The Sri Lankan government has decided to recommence all the main and provincial road development projects in the island nation with China, a government official said on Sunday. MORE...
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 Lanka’s finance minister said. MORE..
Sirisena meets China’s President amid new look at ties
Sri Lankan president Maithripala Sirisena has held talks with Chinese leader Xi Jinping amid efforts to recalibrate his predecessor’s strongly pro-China policies. MORE..
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..
Sri Lanka call for US $ 1.4b Chinese project to continue
Ahead of Sri Lanka President Maithripala Sirisena’s first visit to China a local organisation called for China’s largest investment project to resume, an official said on Tuesday. MORE...
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..
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...
‘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..
Deal with TATAs on housing project is unacceptable - Ravi
Sri Lankan Finance Minister Ravi Karunanayake has said that the government is reviewing the USD 430 million TATA Housing Project because the deal entered into with the earlier Mahinda Rajapaksa government is unacceptable. MORE..
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..
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.
Sri Lanka says China to be consulted on any project re-think
Sri Lanka will not make any decision on Chinese projects it is reviewing until it consults China, Sri Lanka’s foreign minister said on Friday, pledging that his new government would welcome Chinese investors. MORE..
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..
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..