Sri Lanka has reversed a year-old decision, and given the green light on the Chinese-funded $1.4 billion Colombo Port City project. The contractor, China Harbor Engineering Corp., has resumed work that had been stalled by a government decision following disputes over land rights and environmental issues.
The turnaround came during Sri Lankan Prime Minister Ranil Wickremeshighe's recent visit of to Beijing. The development opened the door for a range of Chinese investments in Sri Lanka’s infrastructure sector, which Chinese companies are eager to carry out.