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China boosts investment in Sri Lankan mega-project
Add BT as a preferred sourcePublished Wed, Jan 3, 2018 · 09:50 PM
Colombo
CHINA will invest US$1 billion in the construction of three 60-storey buildings at a mega-project near Sri Lanka's main port as Beijing aims to boost its influence in the Indian Ocean.
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 harbour, the only deep-sea container port in the region.
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