After suspension, Sri Lanka may let China resume work on Port City project


  • World
  • Friday, 29 May 2015

COLOMBO (Reuters) - Sri Lanka will appoint a panel of public officials to consider whether work should resume on China's biggest Sri Lankan real estate project, which was suspended nearly three months ago, a cabinet spokesman said on Thursday.

Work on the $1.4 billion Port City project was halted not long after Sri Lankan President Maithripala Sirisena took office in January. Sirisena said then his government would re-examine deals between his predecessor, Mahinda Rajapaksa, and China, Sri Lanka's largest foreign investor.

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