Sri Lanka promises to accelerate Colombo Port city development

WION Web Team New Delhi, India Dec 08, 2019, 04.03 PM(IST) Edited By: Bharat Sharma

Colombo Port City Photograph:( ANI )

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The PM made these remarks at the opening ceremony of the project for the investors

Sri Lanka's Prime Minister Mahinda Rajapaksa on Saturday affirmed that their government would support and accelerate the development of the Colombo Port City project which was constructed by China.

The PM made these remarks at the opening ceremony of the project for the investors.

The port city spans 269 hectares of reclaimed land from the sea and was officially declared part of the Colombo District yesterday, under the patronage of Rajapaksa.

Chinese Ambassador to Sri Lanka Cheng Xueyuan and officials of the Chinese Embassy were also present at the ceremony.

The project is expected to spur 80,000 jobs and transform Sri Lanka into a regional business hub.

Port City is Sri Lanka's largest Foreign Direct Investment project and is expected to attract billions of dollars of investment in the coming years. 

(With inputs from ANI)