Thursday, October 8, 2015

Enterprises to invest in the port in Colombo City transit construction of Sri

Local time on March 9, 2015, City project under construction in the port of Colombo, Sri Lanka. Oriental IC data

The Sri Lankan Government launched new initiatives, to restart port city project in Colombo, investment by Chinese enterprises.

According to the Sri Lanka news Web site "ColomboPage" report, the Cabinet ratified on October 8 the Colombo port, Sri Lanka project development agreement extended for another 6 months, and decided to set up a new Committee to evaluate the agreement in order to port city construction projects at an appropriate time to restart.

In March this year, recently formed by agreement of the new Government of Sri Lanka is not transparent and environmental grounds, were suspended by China communications construction company limited, the investment by port of Colombo City projects valued at $ 1.4 billion.

In August of this year, Finance Minister Ravi Karunanayake of Sri Lanka had said in an interview with Reuters, the Sri Lankan Government is re-negotiation of the project agreement with the Chinese authorities, with a focus on resolving land ownership issues in the agreement, so as to achieve a win-win compromise.

Chinese Foreign Ministry officials visit Sri Lanka

Sri Lanka Cabinet spokesman Rajitha Senaratne said at a Cabinet News Conference on 8th, extension of the agreement began on September 15, 2015 until March 15, 2016. This will also ensure that the Government of Sri Lanka and the Chinese enterprises continue to have time on the Colombo port-city agreement to be negotiated.

Senaratne journalists will end further said in an interview with Xinhua News Agency, the Sri Lankan Government hopes within the next 6 months to resolve the current differences and challenges faced by the two sides, so that the Colombo port city construction projects to proceed.

Over the past 6 years, Sri Lanka nearly 70% of infrastructure construction projects are built by Chinese companies.

15th last month, Sri Lanka's Metropolitan and Western Province Minister Patali Champika Ranawaka said in an interview with Xinhua News Agency, Government of Sri Lanka within the next 5 years to become an intelligent country, technology, Colombo port project is part of the development plan. Therefore, in order to build and develop the Colombo, the Government will continue to promote the development of China communications construction company limited investment Colombo port-city project.

Even more noteworthy is, according to the Xinhua report, Maithripala Sirisena in Colombo on October 8, President of Sri Lanka met with visiting Chinese Government's Special Envoy, Vice Foreign Minister Liu Zhenmin.

It is the since August in Sri Lanka holds parliamentary elections this year, in the first high-level exchanges.

Liu Zhenmin said, both regional and international situation and the domestic political situation changes, China will adhere to the friendly policies, hoping Sri Lanka joint efforts with the Chinese side, bilateral relations have developed continuously injected positive energy. Meanwhile, both sides should step up the implementation of XI Jinping last September visit Maithripala Sirisena and important consensus reached by the presidential visit to China in March this year, to build a "21st century Silk Road at sea" as an opportunity to carry out major projects cooperation and bilateral relations to a new level.

Maithripala Sirisena said, are friendly neighbors. Sri Lanka will continue to pursue a friendly policy towards China, willing to work together with China to work together to further strengthen friendly relations and firmly promote the various cooperation projects, including the Colombo port city, to enhance bilateral pragmatic cooperation in various fields such as infrastructure, investment and people's livelihood.

Hong Kong's South China Morning Post reported that according to a Sri Lankan Government official, the purpose of Liu's visit to Sri Lanka in addition to congratulating Prime Minister Wickremesinghe in addition to victory in the parliamentary elections, also is likely to be invited to visit China at an appropriate time.

Seek Japan United States European Union help

In the middle of last month and early this month, Wickremesinghe to India and Japan for a visit. Visiting Japan during Japan Prime Minister Wickremesinghe promised to provide 45 billion yen worth of loans to Sri Lanka, to expand Sri Lanka's only international airport.

In addition, it is "ColomboPage" 8th, Japan International Cooperation Agency (Japan International Cooperation Agency) will provide approximately 35 billion yen loan to Sri Lanka to help the kelainihe (Kelani River) on the construction of a new bridge in order to solve the traffic congestion problem. Proposal for construction of the new bridge has also obtained approval from the Cabinet of Sri Lanka.

In addition to development and Japan relations, Sri Lanka is seeking United States, the European Union on Sri Lanka development help.

"ColomboPage" 8th reports that United States Ambassador Atul Keshap in Sri Lanka during a meeting with Sri Lanka's rehabilitation and reconstruction Minister D.M. Swaminathan, said the United States will provide Sri Lanka with us $ 1.745 million loan. Since 1993, United States loans to Sri Lanka totalled $ 43 million.

According to Sri Lankan news website "Lanka Business Online" report on 7th, the EU accounted for 43.7 million euros of financial support to Sri Lanka. With 30 million loan for the project, to help Sri Lanka improve the level of health and nutrition of low-income earners, and so on. Another 8 million for trade-related assistance projects to improve the export competitiveness of Sri Lanka. The remaining 5.7 million will be used to supply clean water and construction of drainage facilities.

In the view of some analysts, the current Government of Sri Lanka to strengthen cooperation with Japan and the United States, the European Union's move comes as no surprise. During the presidential elections as early as January this year, Maithripala Sirisena said that if he is elected President will have to reassess the Sri Lankan foreign policy, not only with India and China's partnership for development, will also work to improve with the United States, Europe and other countries of the world.

Some analysts pointed out that Sri Lanka currently practicing balance and a full range of foreign policy, international politics of the small country's most common choice and most of Sri Lanka's national interest. College students in China and surveys 65 Chinese

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