The first investment and development project in Colombo Port City in Sri Lanka has been signed. What are the development prospects?

Started in China. Since the Belt and Road project, Sri Lanka will inevitably be an important node of the Maritime Silk Road. Coupled with the long-lasting friendship between our country and the Sri Lankan people, our country will make key investments in Sri Lanka. Recently, China has finalized the construction of a US$1.4 billion new city for Sri Lanka on reclaimed land in the seaside area of ??Colombo, the capital of Sri Lanka.

The current land area is 2.69 square kilometers, which has been reclaimed by the Sri Lankan government. The Colombo Port New City, built with funds and technical capabilities provided by China, may attract US$15 billion in investment to Sri Lanka in the future. On this land, China will build luxury office buildings, residential units, large schools and hospitals, and a huge central park, turning the area into a financial center connecting Asia and investors.

Sri Lanka is located on an island at the southeastern tip of the Indian Peninsula. It is the only route along the ancient Maritime Silk Road and has also become an important node of China’s Belt and Road Initiative. As early as 2005, Sri Lanka proposed a dual-wing One Belt and One Road strategy, which has many similarities with China's One Belt, One Road strategy. The Sri Lankan government has also become one of the first countries to support China's One Belt, One Road strategy.

Since the launch of the Sri Lanka Port City project, China has invested US$700 million there, driving the development of related industries in Sri Lanka, creating more than 4,000 new jobs, and benefiting thousands of Sri Lankans. family. India used to be Sri Lanka's largest source of capital and largest trading partner, but now China has achieved India's status in Sri Lanka. Currently, China is also Sri Lanka’s largest infrastructure construction partner. China's investment in infrastructure projects in Sri Lanka has reached nearly 20 billion US dollars, involving Sri Lanka's infrastructure in transportation, water conservancy, electricity, ports and other businesses. Chinese manufacturing can be said to be everywhere in Sri Lanka. China's advanced infrastructure construction level and project quality have also been cheered and praised by the Sri Lankan government and people.