Prime Minister Mahinda Rajapaksa promises to accelerate Port City Project : Xinhua News Agency

COLOMBO (News 1st) - The Chinese Xinhua News Agency reported that Sri Lankan Prime Minister Mahinda Rajapaksa stated yesterday that his government will firmly support and accelerate the development of the Colombo Port City project constructed by China to ensure that it will emerge as a new business hub in the island country. It added that the prime minister pledged to accelerate the implementation of the preferential policies of the Colombo Port City from the government level as early as January 2020 and strive to build the project into a new business card for Sri Lanka at the earliest, the Colombo Port City said in a statement following discussions with the prime minister. The Chinese Xinhua News agency reported the Colombo Port City is Sri Lanka's largest Foreign Direct Investment project and is expected to attract billions of U.S. dollars of investments in the coming years. It will also create over 80,000 jobs and will transform Sri Lanka into a regional business and financial hub.