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在线翻译:
szdaily -> Business -> 
Firm to invest US$1b in Sri Lanka project
    2018-01-04  08:53    Shenzhen Daily

A CONSORTIUM led by State-run China Harbor Engineering Co. will invest US$1 billion to build three 60-story office towers on reclaimed land of the Port City development in Sri Lanka’s capital, a Sri Lankan minister said Tuesday.

The US$1.4 billion development of Port City, a project of China Communication Construction Co., the parent company of China Harbor Engineering, began in late 2016 as part of China’s plans to create a modern-day “Silk Road” across Asia.

The deal follows an earlier Chinese investment of US$1.4 billion to carry out reclamation work for the wider Colombo International Financial City development, strategically located next to Sri Lanka’s harbor, the only deep sea container port in the region.

The countries hope the project, initiated by former Sri Lankan President Mahinda Rajapakse, will create a financial center comparable with those in Singapore and Europe, drawing billions in foreign investment.

“It will be part of the new financial city,” Regional Development Minister Champika Ranawaka told reporters while accompanying Prime Minister Ranil Wickremesinghe on a inspection tour of the Port City development in Colombo. “The investment will be US$1 billion and we expect to sign the agreements this month in Beijing.”

About 60 percent of its total area is reclaimed land from the sea in the commercial heart of Colombo, adjacent to the main port and the historic Galle Face Green park. The rest is expected to be reclaimed by June 2019.

For the overall project, Sri Lanka anticipates an eventual US$13 billion of investment in housing, marinas, health facilities, schools and other developments over the next 30 years. The project is expected to create over 83,000 jobs.

CHEC Port City Colombo (Pvt) Ltd., the Sri Lankan company handling the project for China Communication Construction, aims to deliver the first site for construction by the end of 2018.(SD-Agencies)

 

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