Next Expo in 2014, Chinese firm to invest US $50 bn in port project
"We had a good experience during this visit to Sri Lanka and believe the country has investment promise"
A Chinese firm that attended the recently concluded Expo 2012 international trade fair said it would invest US $ 50 billion in Hambantota Trade City Project.
The representatives of this Chinese firm came to Sri Lanka as a part of the Beijing based Sino-sri Lanka Rich Investment delegation led by its Chairwoman Song Jien Hua.
“We are now hoping to invest $ 50 Bn in Hambanthota Trade City Project, hoping to establish an international port that can compete with the Singapore port in 10 to 15 years and can bolster up Sri Lanka’s ambition to be the hub of shipping in South Asia. We want to invest US $ 50 billion in this project” revealed Song Jianhua said.
“We had a good experience during this visit to Sri Lanka and believe the country has investment promise.
We are committed to creating jobs and promote economic growth in Sri Lanka with financial strength,” she added.
The 13-member Chinese business delegation arrived as part of the overall 150 Chinese business group that arrived in Colombo to take part in the Sri Lanka Expo 2012 organized by the Export Development Board under the Ministry of Industry and Commerce.
The delegation comprised of state-of-the-art technology players in fertilizer, port development, energy, petrochemistry, cement, and machinery.
When the delegation met with the Industry & Commerce Minister Rishad Bathiudeen, the minister expressed his willingness hold the Expo exhibition series in every two years.
“We are now planning to host this international series once in every two years. As a result, our next ‘Sri Lanka Expo’ series is now being primed to be held in early 2014,” Bathiudeen said.