China to Build Port in Srilanka | Chinese in Lanka
The construction work of the Colombo South Harbor will be expedited. Five meters of the brake water has already been completed. The Chairman of the Sri Lanka Port Authority Dr.Priyath Bandu Wickrema said that construction of the remaining two kilo meters will be completed before the end of this year. He said that this is one of the large development projects being carried out in the country and over 1200 workers are being deployed. He said to make Sri Lanka a naval hub of Asia the physical resources of the country should be developed. The length of the terminal of the harbor is 3 and half kilo meters and 12 large and small vessels can be birthed simultaneously at this terminal. Referring to employment opportunities Dr.Priyath said that the new harbor will generate 25,000 direct and indirect employments. He said the companies that are constructing the terminals will invest 1.5 million US dollars. The harbor will earn a revenue of 1.2 million US dollars annually. Both harbors in Colombo will earn a revenue of 1.7 million rupees thus contributing a considerable amount to the GDP of the country.
China to build Colombo port. Chinese invasion in Srilanka has been increasing day by day. Srilankan cabinet decided to build a new deep- water container terminal in Colombo port. The consortium consisting of China Merchant Holdings and Aitken Spence.
Port has been tendered to China Harbour Engineering Company (CHEC) and Sino Hydro Corp.
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