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It has been announced that China Merchants Port Holding´s last tranche of US$585 million has been held back. The company wants to use a man-made island for entertainment purposes. Opposition leaders have dubbed the deal as a sell out to China
List of the country updates
Country updates
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June 05, 2018
Sri Lankan government approves US$800 million rail PPP
The Sri Lankan Cabinet has approved the launching of tenders for the construction of new railways in the Hambantota district of the country on a build-operate-transfer (BOT) basis. ...
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December 27, 2017
It has been confirmed by The Central Bank the receipt of the first payment from China Merchant Port Holdings for an amount of US$ 292.1 million, regarding the public-private partnership with the Sri Lanka Ports Authority (SLPA) over the management of the port
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December 13, 2017
The Sri Lankan Government has approved the proposal to develop the project under a PPP scheme
The Sri Lankan Government has approved the proposal to develop the project under a PPP scheme. The government will enter in to an agreement with the developer, CHEC Port City Colombo, part of China Communication Construction Company Limited (CCCC)
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November 20, 2017
Sri Lanka launches RFP for desalination PPP at Hambantota
The Board of Investment of Sri Lanka (BOI) invites proposals for a Public-Private Partnership (PPP) contract under a investing, constructing and managing scheme over a period of 50 years. Th...
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August 21, 2017
The project has reached financial close
