Main investor in Port City bullish on SL, keen to expand

Friday, 1 March 2024 00:30 - - {{hitsCtrl.values.hits}}

China Communications Construction Company has already invested $ 1.4 b in Port City
To invest a further $ 300 m to kick start phase 2 in June
Eyes opportunities in transportation, urban development, energy, and water facilities

The Fortune Global 500 list member China Communications Construction Company Ltd., Chairman Wang Tongzhou and a delegation called on President Ranil Wickremesinghe this week.

CCCC through CHEC Port City Colombo Ltd., have invested

$ 1.4 billion, on Port City Colombo. The CCCC Chairman informed the President CCCC will put in more resources to accelerate construction and development and enhance the global marketing and promotion efforts.

For the phase 2 infrastructure, in June the company plans to invest a total investment of approximately of $ 300 million. The Chairman also requested President Wickremesinghe to provide CCCC with more opportunities in Sri Lanka’s transportation, urban development, energy, and water facilities. CCCC is ranked at 60 in The Fortune Global 500 list with $ 130.664 billion in revenue.

President’s Chief-of Staff Sagala Rathnayake, BOI and Colombo Port City Economic Commission Chairman Dinesh Weerakkody, and Port City Colombo Managing Director Xiong Hongfeng participated in the meeting.