Colombo Port City to begin work soon

Colombo Port City, the biggest Chinese invested project in Sri Lanka will move on, Board of Investment Chairman, Upul Jayasuriya said. Speaking at the Sri Lanka China Business Forum and B2B Meetings he said that the project will be in action sooner than later. "There are some environmental issues that needs to be attended and solutions found for. After that the project will re-commence." Jayasuriya also said Sri Lanka introduced the open economy in 1978 even before Malaysia, Indonesia, India, Pakistan and many other countries. However, due to the war situation in the country Sri Lanka fell back. However with peace, Sri Lanka today is a place much sought after by many."

He said in addition to peace, a corrupt free society where 'fair play' and 'rule of law' is effective is a must for investors. This too has now being created," he said. Jayasuriya said that one of the biggest finance of Sri Lanka China relationships will be the implementation of the FTA. "This China Lanka FTA should have taken place before, since Chinese investments increased in the last decade.
He said in addition to peace, a corrupt free society where 'fair play' and 'rule of law' is effective is a must for investors. This too has now being created," he said.
Jayasuriya said that one of the biggest finance of Sri Lanka China relationships will be the implementation of the FTA. "This China Lanka FTA should have taken place before, since Chinese investments increased in the last decade.
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