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