Chinese Ambassador to Sri Lanka Cheng Xueyuan met Prime Minister Ranil Wickeremesinghe yesterday to inform that the Chinese Government has approved USD 1 billion for phase I of the Central Expressway construction. Ambassador Cheng said that instructions have been given to Chinese EXIM bank to process the loan and requested the Sri Lankan side to expedite administrative and legal formalities.
The Chinese ambassador also discussed Hambantota port project and Colombo Port City project. With regard to Hambantota Port, Chinese ambassador mentioned that they encourage investors to set up factories for producing high end products. The ambassador said once started the two projects will become the engine of growth for Sri Lanka.
The Chinese ambassador also requested to expedite the negotiations for signing of Chinese free trade agreement.
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