China backed Sri Lankan Port City completes phase 1

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Sri Lanka's China-funded 1.4-billion-U.S. dollar real estate development project, the Port City, has now completed its land reclamation phase, and the last of the four dredgers used for sand mining operations have now left the site. The Port City is currently the single largest private-sector development project in Sri Lanka, and it aims to boost the economy alongside the country’s existing development plans with state-of-the-art living, working, public and recreational spaces. So what is the strategic importance of this new city, and how will it change the economic landscape in South Asia? Alexi Gunasekera, minister commercial in the Sri Lankan embassy in Beijing and Victor Gao, vice president of the Center for China and Globalization, shared their views.

 

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Cloud Open Day, with Indeewari Amuwatte​

Es ist schon gigantisch, was dort geschaffen wird und ich hoffe, die Abhängigkeit des Landes von der Finanzierung aus China hat keine negativen Konsequenzen. Die offizielle Eröffnung wir mir Sicherheit ein Spektakel für das Land und geht weltweit in die Medien.