China Calls for Colombo Port City

China has requested to quicken the pace of negotiations with Sri Lanka over the second phase of the US$750 million Hambantota port project, according to the Economic Times. 

Phase one of operations was completed in 2014 and cost US$361 million.

Read: Sri Lanka’s Half-a-Billion Terminal Plan

Li Keqiang, Premier for China, said: “We welcome the resumption of the Colombo Port City project and stand ready to work with Sri Lanka to push forward the construction steadily.

Xiao Qian, Director General of the Asia Department of the Chinese Foreign Ministry, said: “On CPC, both sides agreed to further speed up over all and comprehensive resumption of the work at this project.”

It was previously reported that investors had been notified that Colombo’s Port City project had been cleared of delays, having been informed by China, and that the project could resume immediately.

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