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25 April 2019 The on-line newspaper devoted to the world of transports 22:39 GMT+2

April 10, 2012
(posted Apr. 3)

US$ 50bn Chinese led private investment no misnomer

Top official says Hong Kong, Singapore and US investors too join to create port city at H'tota

The Ministry of Industry and Commerce issuing a statement yesterday gave out more details on the proposed US$ 50 billion investment planned for the development of Hambantota, with a top official saying it was no misnomer.
As Sri Lanka-China trade topped US$ 2.2 billion in 2011, an international port city in Hambantota region to compete with Singapore, is proposed by a Beijing based private investment group with no less than US$50 billion as envisaged project value ......
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