Sri Lanka to approach investors to develop China’s newly reclaimed land

 Friday, September 6, 2019 


 Sri Lanka is to call proposals for investors to build a hotel, convention centre, hospital and international school in land newly reclaimed by China. Sri Lanka’s National Agency for Public Private Partnership will assist in the process, the state information office said.


The cabinet of ministers had cleared the proposal by Sri Lanka’s Megapolis and Western Development Minister to set up negotiation committee and project committee.



The proposals will be called to build a hotel, convention and exhibition centre, and international hospital. An international school will also come up. The land Sri Lanka’s capital Colombo was reclaimed by CHEC Port City Colombo (Pvt) Ltd, a unit of China Communication and Construction group in a 1.4 billion US dollar investment.



Under the agreement with Sri Lanka, CHEC Port City has given a part of the land to the government of Sri Lanka to develop.


Now the tourist arrivals in Sri Lanka has slipped 28.1 per cent in August from a year ago, falling for the fifth straight month, as foreign visitors shunned the Indian Ocean island after the Easter Sunday attacks, data from the tourism bureau showed on Thursday (Sep 5).



Now the arrivals in August fell 28.3 per cent to 143,587, compared with 200,359 a year earlier. They, however, rose compared to the previous three months.


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