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Home / News / World News / CPC project: Lanka finally grants permission to China
  • World

    CPC project: Lanka finally grants permission to China

    Ramya Patelkhana
    Written by
    Ramya Patelkhana
    Mail
    Last updated on Mar 11, 2016, 03:54 pm
    CPC project: Lanka finally grants permission to China
    Credits:
  • China finally got the green signal to build the vast Colombo Port City Project in Sri Lanka's capital city after several controversies.

    The Sri Lankan government announced that the cabinet committee on the project has recommended allowing the resumption of the CPC project.

    The 233-hectare CPC project was initially inaugurated in 2014 and expected to have residential areas, a marina and a Formula-One racetrack.

  • In this article
    What is Colombo Port City Project? Opposition against the project Sri Lankan Government temporarily suspends Colombo project CPC project - China's major focus Sri Lanka expresses interest to revive Colombo project SL government gives clearance to CPC project CPC project: Lanka finally grants permission to China
  • CPC

    What is Colombo Port City Project?

    What is Colombo Port City Project?
    Credits:
  • Colombo Port City was an offshore city planned to be constructed on reclaimed land in the capital of Sri Lanka.

    The budget of the project was estimated to be $1.5bn and was expected to begin in 2011 but was stopped.

    Later, Sri Lankan authorities announced that China Harbor Engineering Corporation would undertake the reclamation, and the project would start in September 2014.

  • Personal

    Opposition against the project

  • The Colombo project was surrounded by controversies and was sharply criticized for the hazards and adverse effects it would have on the environment. The then Opposition, 'United National Party' was against the project and suspended it after coming into power.

  • 5 Mar 2015

    Sri Lankan Government temporarily suspends Colombo project

    Sri Lankan Government temporarily suspends Colombo project
    Credits:
  • The Sri Lankan government had temporarily suspended the $1.5 billion Colombo Port City project's construction work repossessed by the Chinese Harbor Engineering Corporation.

    Rajith Senaratne, the cabinet spokesperson had stated that the cabinet committee on the project had not approved it, and the construction work would be suspended temporarily with immediate effect.

    The project would recommence only after a transparent, environmental-friendly deal was signed.

  • Personal

    CPC project - China's major focus

  • Chinese Vice-Minister of Foreign Affairs, Liu Zhenmin arrived in Sri Lanka to review Chinese-investments as the elected-government was neutral on foreign-policies unlike the previous-government. China tried to stay focused on the Colombo-project which was shelved by the government.

  • 11 Oct 2015

    Sri Lanka expresses interest to revive Colombo project

    Sri Lanka expresses interest to revive Colombo project
    Credits:
  • After China had made its efforts to mend its ties with Sri Lanka, the Sri Lankan government expressed that they are banking on China to invest in the Colombo project.

    Sri Lankan Deputy Minister of Foreign Affairs stated that they had spent on the project but didn't have revenue yet, and invited China to revive the Colombo-project and invest in an industrial park there.

  • 25 Dec 2015

    SL government gives clearance to CPC project

    SL government gives clearance to CPC project
    Credits:
  • The Sri Lankan government had lifted its suspension of the China reclaimed Colombo Port City project in a trial to attract more Chinese investments.

    Sri Lankan Finance Minister, Ravi Karunanayake had stated that they had given the necessary clearances for the project and only the investors would further resolve the issues.

    It was officially stated that the project would recommence around February 2016.

  • 11 Mar 2016

    CPC project: Lanka finally grants permission to China

    CPC project: Lanka finally grants permission to China
    Credits:
  • China finally got the green signal to build the vast Colombo Port City Project in Sri Lanka's capital city after several controversies.

    The Sri Lankan government announced that the cabinet committee on the project has recommended allowing the resumption of the CPC project.

    The 233-hectare CPC project was initially inaugurated in 2014 and expected to have residential areas, a marina and a Formula-One racetrack.

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