Sri Lanka Gives an Inch on Port City Project

Sri Lanka Gives an Inch on Port City Project

The government of Sri Lanka approved on Wednesday the construction of a breakwater for a USD 1.5 billion port city project funded by China, which had been halted earlier this month, China’s Xinhua news agency reports.

Sri Lanka’s new government had suspended the plan to construct a commercial and residential center near the Colombo Port on March 5th amid raised concerns over the project’s environmental impact and regulatory issues.

However, Sri Lanka’s Cabinet allowed Chinese investors to move forward with certain segments of the projects which can prevent possible damages from sea erosion and rains, including the construction of the breakwater.

The approval was granted following a request made by Sri Lanka’s Prime Minister Ranil Wickremasinghe.

The Prime Minister also asked for relevant reports and documents related to the project to be submitted to a sub committee, which will decide on the future of the project.

The Colombo port plan is funded by China Harbor Engineering, a wholly owned subsidiary of the state-owned China Communications Construction.

The project envisages new berths for vessels at the nearby port, hotels, shopping centers, office buildings and residential complexes, encompassing an area of over 5.3 million square meters.

The investment is a part of China’s Maritime Silk Road initiative.

World Maritime News Staff; Image: Atkins Global

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Seawork 2020

Seawork is Europe’s leading commercial marine and workboat exhibition, providing businesses the opportunity…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >