Sri Lanka suspends Chinese port project in Colombo

Sri Lanka suspends Chinese port project in Colombo

Beijing: The Sri Lankan government has ordered the suspension of a $1.5bn Chinese-backed port city project in Colombo claiming that the project lacks the necessary approvals.

The government spokesman said the cabinet decided to temporarily and immediately suspend operations at the project until it obtains all required government approvals.

The project was undertaken by the Chinese state-run company China Communications Construction Company. It was inaugurated in September by Chinese President Xi Jinping as part of China’s Maritime Silk Road plan to expand trade.

Sri Lankan Prime Minister Ranil Wickremesinghe said last month that the project lacks transparency and the government would take necessary actions if there were any corruption activity involved.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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