China Builds Port City in Sri Lanka - US $15 billion Investment

[Lankan Ranger]

China Builds Port City in Sri Lanka - US $15 billion Investment

A mega development project to build a 1.43 billion U.S. dollar port city along the shoreline of Sri Lanka's capital Colombo will be put for cabinet approval next month with construction expected to begin in December, an official said here on Thursday.

The project, which aims to reclaim a 230 hectare site from the sea to build a mini-city that is expected to include a Formula 1 racetrack, is projected by the Sri Lankan government to attract 15 billion U.S. dollars in investment for the country.

Sri Lanka Port Authority (SLPA) overseeing the venture has already signed a 1.43 billion U.S. dollar agreement with China Communications Construction Co Ltd. to build a city on the 230 hectare site that will be reclaimed from the sea.

The 39-month-long construction project will also include eco- parks, residential areas, offices and shopping malls, according to the SLPA.

It will be adjacent to the Colombo harbor, which is also being expanded by a Chinese company.

A section of the reclaimed land will be handed over to the Chinese company while the rest will be parceled off to other investors under a 99-year lease, Ports and Highways Deputy Minister Rohitha Bogollagama told media earlier this month.

Since Sri Lanka ended a 30-year war in 2009 China emerged at the island nation's largest aid provider funding massive infrastructure projects of highways, railways, coal power plant, airport and harbor that are estimated to be worth around 4 billion U.S. dollars.


http://news.xinhuanet.com/english/china/2013-10/31/c_132848737.htm

 

[Lankan Ranger]

 

[Lankan Ranger]

 

[Contrarian]

This is a positive development!

Isn't it interesting that China is financing & constructing industrial and city infrastructure in Sri Lanka

and Japan is financing Indian industrial and city infrastructure! Japan has committed over $100 Billion USD financing for infrastructure!

Bangladesh is the only nation left in South Asia that needs such investment as well. They should also tie up with some nation? USA or France maybe?

 

[NGV-H]

 

[Skyline]

@Lankan Ranger , මොනවද බන් මේ අදාල නොවන රූප දාන්නෙ?

 

[Gibbs]

This is not Colombo.. Pls refrain from posting false pics

 

[Lankan Ranger]

@Lankan Ranger , මොනවද බන් මේ අදාල නොවන රූප දාන්නෙ?

Something wrong with Internet explorer, I cannot see your comment…. 

This is not Colombo.. Pls refrain from posting false pics

Future Colombo Port City will be similar to this picture…..

 

[extra terrestrial]

This is a positive development!

Isn't it interesting that China is financing & constructing industrial and city infrastructure in Sri Lanka

and Japan is financing Indian industrial and city infrastructure! Japan has committed over $100 Billion USD financing for infrastructure!

Bangladesh is the only nation left in South Asia that needs such investment as well. They should also tie up with some nation? USA or France maybe?

China is already willing to construct a deep sea port in Chittagong but unlike the Sri Lankans, our dickhead bureaucrats and politicians are too imbecile to decide over the proposals. China has been involved in constructing some small bridges and other infrastructure projects though. Japan has also been providing soft loans in some infrastructure projects like metro rail and highways.

 

[graphican]

China is already willing to construct a deep sea port in Chittagong but unlike the Sri Lankans, our dickhead bureaucrats and politicians are too imbecile to decide over the proposals. China has been involved in constructing some small bridges and other infrastructure projects though. Japan has also been providing soft loans in some infrastructure projects like metro rail and highways.

China is the way to go guys.. They just not have the needful infrastructure, human and technical resources but a genuine reason to strengthen this part of the World. USA in American Continent would never back-stab Canada or Mexico.. not because USA loves them the most but its matter of mutual defense and survival. China in our region is going to be very dependable ally and growth partner. Its not difficult to see and I hope this is seen by every government of the region.

 

[samv]

This should be great once it is constructed. If China is behind it, then you can be guaranteed that it will be built -- in stark contrast to the Indian projects in Sri Lanka. The island will be coming up right next to the massive Chinese-built port and will be a nice addition to the coastline. The views of Colombo from the island would be beautiful!

 

[American Pakistani]

This is nice development. Congrats to Sri Lanka.

With a very small population & better infrastructure/GDP Sri Lanka will surely become developed country in less than 2 decades. It will be a great role model to countries of South Asia.

 

[samv]

Another Chinese project in Colombo is progressing well:

This is the 350 metre high "Lotus Tower" that is going to grace Colombo's skyline.

When completed it will be the tallest tower in South Asia and the second tallest building in South Asia after "World One" in Mumbai.