{"id":107213,"date":"2020-10-02T14:24:19","date_gmt":"2020-10-02T21:24:19","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=107213"},"modified":"2020-10-02T14:24:34","modified_gmt":"2020-10-02T21:24:34","slug":"chinese-and-sri-lankan-governments-set-to-discuss-colombo-port-city-project","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2020\/10\/02\/chinese-and-sri-lankan-governments-set-to-discuss-colombo-port-city-project\/","title":{"rendered":"Chinese and Sri Lankan governments set to discuss Colombo Port City project"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy Ship Technology<\/em><\/span><\/h2>\n\n\n<p> The Chinese and Sri Lankan governments are set to discuss the progress of Colombo Port City project, which is a planned offshore city in Sri Lanka. <\/p>\n\n\n\n<p>The Chinese and Sri Lankan governments are set to discuss the progress of Colombo Port City project, which is a planned offshore city in Sri Lanka.<\/p>\n\n\n\n<p>Valued at $1.4bn, the China Communications Construction Co (CCCC)-funded project was scheduled to be launched on 17 September 2014 by the then Sri Lankan President Mahinda Rajapaska and the Chinese President Xi Jinping.<\/p>\n\n\n\n<p>Under the terms of the agreement between the respective governments, the Chinese developers were due to buy 20 hectares of freehold land under the Port City project.<\/p>\n\n\n\n<p> <strong>&#8220;China is willing to help Sri Lanka to improve the infrastructure, bring in more employment opportunities and improve the wellbeing of all Sri Lankans.&#8221; <\/strong><\/p>\n\n\n\n<p>However, under the new leadership of Sri Lankan President Maithripala Sirisena, the project remained under review until recently, citing lack of necessary permits and approvals.<\/p>\n\n\n\n<p>According to CCCC, the shutdown of the project would result in losses of more than $380,000 a day, reported Reuters.<br><\/p>\n\n\n\n<p>Chinese Ministry of Foreign Affairs division Director and Counsellor Chen Feng was quoted by media sources as saying: &#8220;The most important factor is to enhance the mutual understanding between the two countries. I think the two governments are now gradually working towards coming back to the normal track and all the projects will restart soon.<\/p>\n\n\n\n<p>&#8220;China is willing to help Sri Lanka to improve the infrastructure, bring in more employment opportunities and improve the wellbeing of all Sri Lankans.&#8221;<\/p>\n\n\n\n<p>Last month, the Sri Lankan Cabinet agreed to appoint a new committee to address the issues of the Port City project following a recommendation by Ports and Shipping Minister Arjuna Ranatunga, marking the recommence of the project, reported Xinhua News.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy Ship Technology The Chinese and Sri Lankan governments are set to discuss the progress of Colombo Port City project, which is a planned offshore city in Sri Lanka. The Chinese and Sri Lankan governments are set to discuss the progress of Colombo Port City project, which is a planned offshore city in Sri Lanka. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-107213","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/107213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=107213"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/107213\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=107213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=107213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=107213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}