GPS News  
SUPERPOWERS
Sri Lanka revives stalled Chinese-funded projects
by Staff Writers
Colombo (AFP) Dec 17, 2015


China had secured contracts to build highways, railroads and ports during the Rajapakse regime and had also emerged the largest single lender to Sri Lanka which had relied heavily on Beijing for both economic and political support.

Sri Lanka has agreed to restart Chinese-funded projects worth billions of dollars which were suspended following allegations of corruption, the government's main spokesman said Thursday.

President Maithripala Sirisena's government had ordered a review of all big-ticket construction projects signed by his predecessor Mahinda Rajapakse who is under investigation for corruption during his decade in power.

"We tried to renegotiate these contracts with the Chinese, but it was not very successful," spokesman Rajitha Senaratne, who is also the health minister, told reporters.

"We have now decided to go ahead with the projects. It is not feasible to abandon them half-way through."

During his decade in power, Rajapakse relied heavily on China to rebuild the country's infrastructure after the end of the decades-long separatist conflict in 2009.

The most contentious project is a $1.4 billion port city, which would include a marina and a Formula One track, built on reclaimed land next to the main Colombo harbour.

Senaratne said some of the provisions of that project were being renegotiated to ensure Chinese companies did not get any free-hold land after creating some 233 hectares (575 acres) of new real estate.

India was understood to be uneasy over the level of Beijing's influence on the island under the Rajapakse regime.

Seeking to rebuild ties with Delhi, Sirisena made India -- rather than China -- his first foreign trip after winning elections in January.

China had secured contracts to build highways, railroads and ports during the Rajapakse regime and had also emerged the largest single lender to Sri Lanka which had relied heavily on Beijing for both economic and political support.

Sri Lanka has complained that it was paying too much interest on Chinese loans funding much of the development.

Beijing has been accused of seeking to develop facilities around the Indian Ocean in a "string of pearls" strategy to counter the rise of rival India and secure its own economic interests.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Learn about the Superpowers of the 21st Century at SpaceWar.com
Learn about nuclear weapons doctrine and defense at SpaceWar.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
SUPERPOWERS
Putin rules out reconciliation with Turkey
Moscow (AFP) Dec 17, 2015
Russian President Vladimir Putin fired off an angry tirade against Turkey on Thursday, ruling out any reconciliation with its leaders and accusing Ankara of shooting down a Russian warplane to impress the United States. In comments littered with crude language, Putin dismissed the possibility that the downing of the warplane over the Turkey-Syria border last month was an accident, calling it ... read more


SUPERPOWERS
Red palm weevils can fly 50 kilometers in 24 hours

Plants use a molecular clock to predict when they'll be infected

Composting food waste remains your best option

Millet: The missing link in transition from hunter-gatherer to farmer

SUPERPOWERS
Doped organic semiconductors explored

NIST adds to quantum computing toolkit with mixed-atom logic operations

Spintronics, low-energy electricity take a step closer

A step towards quantum electronics

SUPERPOWERS
Indian Defense Ministry admits almost half its planes can't fly

Qatar to receive 24 French Rafale fighter aircraft

Norwegian F-35 flies under Norwegian command for first time

Antarctic anticyclone sending two NASA scientific balloons flying in circles

SUPERPOWERS
California proposes rules for self-driving cars

Ford to test self-driving cars on California roads

European lawmakers to probe EU role in VW scandal

India's top court bans new diesel cars in capital

SUPERPOWERS
Chinese pull plug on French tech park: French official

Mongolia's giant Oyu Tolgoi mine gets $4 bn financing

China joins European development bank

China approves merger of two top shipping firms: Xinhua

SUPERPOWERS
Climate stress forces trees to hunker down or press on

Irish police go hi-tech to combat Christmas tree thieves

US forest products in the global economy

N. Korea 'declares war' on deforestation at Paris climate talks

SUPERPOWERS
Earth-i distributes image from space of UK astronaut's launch

PeruSAT-1 takes shape in Airbus Defence and Space's cleanrooms

The "Radar Vision" Goes On - Two More Sentinel-1 Satellites

The days are getting longer

SUPERPOWERS
Scientists blueprint tiny cellular 'nanomachine'

Nanoscale one-way-street for light

Microscope creates near-real-time videos of nanoscale processes

New industrial possibilities for nanoporous thin films









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.