China Communications Construction Company

US$ 1.4 bn Sri Lankan port project back on track

Date of Release: 
Jan 18 2016

The development of the suspended Colombo City Port project in Sri Lanka will now go ahead, according to the Sri Lankan ambassador to China.

The US$ 1.4 billion development, comprising a 230-hectare complex, with hotels, apartments and office buildings, will be built on landfill near the harbour seafront in Colombo, the country’s largest city.

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Sri Lankan government lifts suspension on China-funded Port City project

Date of Release: 
Dec 28 2015

Desperate to attract investment funds, the Sri Lankan government has lifted its suspension of the China-funded Colombo Port City (CPC) project. Finance Minister Ravi Karunanayake told the South China Morning Post: “We have given all the necessary clearances. Now it is up to the investors to sort out the minor details.”

According to officials of the Chinese state-controlled China Communications Construction Company (CCCC), which is financing the $US1.4 billion project, the CPC is expected to restart around February, once final details are worked out.

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