Sri Lanka reverses $300-mln China housing deal ahead of PM’s India visit
Posted on October 18th, 2018

COLOMBO, Oct 18 (Reuters) – Sri Lanka has reversed a decision to award a $300-million housing deal to China in favour of a joint venture with an Indian company, the government said, ahead of a visit by the prime minister to its South Asian neighbour.

Prime Minister Ranil Wickremesinghe will meet his counterpart Narendra Modi on Saturday in New Delhi, the Indian capital, for talks. The two countries have long-standing ties, partly because of cultural and ethnic links with Tamils, many of whom live in the island’s north and east.

In April, state-run China Railway Beijing Engineering Group Co Ltd won a tender worth more than $300 million to build 40,000 houses in Jaffna in Sri Lanka’s north, with China’s Exim bank to provide funding.

One Response to “Sri Lanka reverses $300-mln China housing deal ahead of PM’s India visit”

  1. aloy Says:

    If the funds are provided from China’s Exim bank, how ethical is to give the contract to Indians, bypassing the Chinese?. And if the money comes from a loan to be paid by the central government why should the housing units be confined to NE only?. We see in TV channels the plight of Sinhala people who live in pathetic situation all over the country without proper housing. If the Chinese are not going to construct these houses let the housing minister take over the job and build houses all over the country using these finds; I think he is doing an excellent job.

    To the Reuter correspondence :
    “………partly because of cultural and ethnic links with Tamils, many of whom live in the island’s north and east.”
    Before you write stuff like this again please know about SL’s history or ask Hon. Mahinda Rajapakse, MP.

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