SRI Lanka is likely to give its nod to restart a stalled multi-billion dollar China-funded port city project in the island nation by early next year, a top official of the Sri Lankan government said yesterday.
The official said the Sri Lankan government is conducting high-level discussions with the Chinese government over the status of the Chinese projects on the island and the Sri Lankan government is likely to give its approval for the Port City project by February.
The US$1.4 billion Colombo port city project funded by the China Communications Construction Co was suspended by the Sri Lankan government in March after concerns were raised over some aspects of the project.
The construction of the project began in September last year and is set to attract billions of dollars as investments once completed.
The official said the necessary documents including the Environmental Management Plan have already been submitted to the Sri Lankan government and the documents are being reviewed.
“All the necessary documents have been submitted, and the government is likely to start the project by February,” the official said.
Sri Lanka’s Cabinet spokesperson Rajitha Senaratne last month said that following a recommendation by Ports and Shipping Minister Arjuna Ranatunga, the Cabinet had agreed to appoint a new committee to address the issues of the project so that it could continue. (Xinhua)