Skip to content
Subscriber Only

China Back to Work as Sri Lanka Unblocks $1.4 Billion Port City

  • Prime Minister Wickremesinghe set to visit China in April
  • Government sees fresh Chinese investments in ports, airports

A Chinese consortium plans to restart work on a $1.4 billion port city project in Colombo after Sri Lanka unblocked the project, a sign of thawing ties weeks before Prime Minister Ranil Wickremesinghe travels to Beijing.

President Maithripala Sirisena had suspended the project a year ago, shortly after he took office following a campaign in which he questioned China’s role in Sri Lanka. CHEC Port City Colombo (Pvt) Ltd. on Tuesday welcomed the “positive step" and “mutually beneficial solution."