CHEC Signs Sri Lanka Deals

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Posted January 30, 2018

China Harbour Engineering Co (CHEC) has signed a memorandum of understanding (MOU) with the Sri Lankan government on funding for a building complex on the reclaimed land of the Colombo port city, according to media reports on Wednesday.

CHEC will invest $1 billion to build the Colombo International Finance City complex, Sri Lanka's business newspaper Daily FT reported.

CHEC also signed a separate MOU with Sri Lankan authorities on funding for an underground tunnel in the Sri Lankan capital, according to the report.

Source: Global Times