The delay will only be for a 2 to 3 months period the maximum, as the Chinese PM's visit had been postponed citing the Covid situ here. The good news is the significant decline in new cases and the number of deaths due to Covid. This is good news indeed for the overall sentiment at the CSE.@MoneyLover wrote:@samaritan wrote:@jaya wrote:wait for big news coming out from CHEC+Portcity couple of weeks
"China Harbour Engineering Company (CHEC) and Browns Investments PLC announced their joint venture of the first vertical development at Port City Colombo – the Colombo International Financial Centre (CIFC).
CHEC, as the leading partner, recently entered into a Cooperation Term Sheet to begin development work on the CIFC Mixed Development Project.
This will be the first of many landmark development projects planned for Port City Colombo. CHEC and its partners will further enter into an investment agreement with the Government of Sri Lanka shortly with the aim of commencing development work before the end of 2021."
The Colombo International Financial Centre (CIFC), which is the first development project in Colombo Port City, was scheduled to break ground today (17), the seventh anniversary of the inception of the Port City Project. However, due to the prevailing pandemic situation, the commencement of construction has been postponed.
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