CHINA-SRI LANKA: CHINA HARBOUR ENGINEERING COMPANY AWARDED CONTRACT TO BUILD 17KMS HIGHWAY IN COLOMBO
Asia Times reported (May 25) that the Sri Lankan cabinet on May 24, awarded the China Harbour Engineering Company (CHEC) a contract to build a 17-kilometre (10.5-mile), four-lane highway in Colombo. CHEC was expected to finish construction in three years and run the highway for 15 years before transferring ownership back to Sri Lanka, cabinet spokesman and Energy Minister Udaya Gammanpila said on May 26. The state-backed Chinese firm has become the first foreign owner of a Sri Lankan highway.
|