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port city buid or not? we havent decided YET..PM

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Teller

Teller
Moderator
Moderator

Actually i am (Teller ) wondering about how these politicians use their words. RAJITHA senarathna said port city approved and start very soon while prime minister says that Cabinet Sub Committee chaired by him to investigate Colombo port city . See this article........."prime " Minister Ranil Wickremesinghe said that the government has not decided to completely halt the Colombo Port City project which is currently under construction on Chinese credit.

The Prime Minister announced this in answering to JVP leader MP Anura Kumara Dissanayake in parliament today.

MP Anura Kumara Dissanayake quoted Cabinet Spokesman and minister Rajitha Senarathna saying during the media briefing to inform Cabinet decisions yesterday that the Cabinet decided to continue the construction of the Colombo Port City Project unhindered.

At the same time, the prime minister said that he had discussions today with visiting Chinese special envoy Liu Jianchao the Prime Minister’s office over the Colombo Port City project. http://www.hirunews.lk/102823/cabinet-sub-committee-chaired-by-prime-minister-to-investigate-colombo-port-city-project

Teller

Teller
Moderator
Moderator

Ranil checkmates Rajitha in P’ment over Port City deal.
Read this news article on 'Daily FT' app on Google Play Store
http://bit.ly/DailyFTAndroid

Teller

Teller
Moderator
Moderator

http://www.ft.lk/2015/02/07/ranil-checkmates-rajitha-in-pment-over-port-city-deal/ Go ahead not approved as yet says PM; final nod only after receipt of fuller environment report and conformity with regulations
By Ashwin Hemmathagama – Our Lobby Correspondent
Prime Minister Ranil Wickremesinghe yesterday, in a special statement in Parliament, clarified that the biggest ever foreign investment project – the Colombo Port City – had not been given the go-ahead as yet but was still under review.
The statement was in response to a question raised by anura kumara

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Chinese delegation met the Prime Minister and the project will go on. RW is using his usual tricks to get votes. Market can be affected with this sort of unclear and mixed signals from PM and the Cabinet. Pathetic.

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Sri Lanka approves Chinese port project to avoid 'misunderstanding' with Beijing
Decision to allow project taken despite previous opposition

Sri Lanka’s new government will go ahead with a $1.5 bn Chinese-funded port city project planned by the previous president to avoid misunderstandings with Beijing, an official said Thursday.

Chinese President Xi Jinping officially launched the city’s development on an artificial island during a visit to Sri Lanka last September. The new government of President Maithripala Sirisena has said it wants to review all projects to ensure they are environmentally viable and corruption-free.

Cabinet spokesman Rajitha Senaratne told reporters that the project will go ahead despite an incomplete environment assessment to avoid a “misunderstanding” with the Chinese government.

Since being elected last month, Sirisena’s government has moved to mend relations with the United States and neighbouring India which were strained during the pro-Beijing administration of former President Mahinda Rajapaksa. The decision to continue the port project is seen as an effort to reassure China.

Chinese Assistant Foreign Minister Liu Jianchao will meet Sri Lankan Prime Minister Ranil Wickremesinghe on Friday, a government statement said.

Senaratne said an environment impact assessment was completed for the reclamation part of the project but not for the city development.

“But there is time to do that. So the project will continue while rectifying the shortcomings,” he said.
He said the project will be discussed along with any alternations during a visit by Sirisena to Beijing next month.

Under Rajapaksa, relations with China strengthened, with heavy Chinese investment. The port city project became the face of Chinese influence in the country.
Two recent port calls by Chinese submarines at a Chinese-built terminal in Colombo fuelled speculation that Beijing wants to have port access along strategic sea lanes linking the energy-rich Persian Gulf and economic centres in eastern China.

The submarine visits spooked India, which lies just 30 miles (50 kms) from Sri Lanka and shares U.S. uncertainty about Beijing’s intentions as China’s military power grows.

China has become Sri Lanka’s largest lender in recent years, providing more than $6 bn through September 2013 for port facilities, highways and a new international airport.

China also supplied weapons to the government during Sri Lanka’s civil war that ended in 2009 with the defeat of ethnic Tamil separatists, and has defended the Indian Ocean island nation from allegations of human rights abuses and calls for a UN investigation into alleged war crimes.

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