The Cabinet of Sri Lanka has decided to continue with the Chinese government assisted Colombo Port City Project. This decision has been taken at the Cabinet meeting held in 5th February 2015.
The China Communications Construction Company (CCCC) is one of the major investors in the Colombo Port City project which would reclaim land on the Colombo shoreline. The company will also own 20 hectares of the land on completion and have a 99 year lease on another 170 hectares, the total extent of the development being 233 hectares.
It is learned that the Colombo Port City Project has approved with out a license for the Casino.
This project funded through a loan from EXIM Bank of China.