Chinese state-owned firm to build major Sri Lanka port complex
China Merchants Group plans to expand its investment in Sri Lanka to $2bn, with the construction of a logistics hub in Colombo Port, according to a company statement. The complex, costing $392m, will be CMG's first major foreign investment since the country's default last year. CMG will own a 70% stake in the facility, which it has called South Asia's largest logistics hub.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
