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Sri Lanka Equity Forum » Stock Market Talk » Sri Lanka inks new deal to formalize US13bn China sea reclamation

Sri Lanka inks new deal to formalize US13bn China sea reclamation

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nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
ECONOMYNEXT - Sri Lanka and a Chinese company that is reclaiming sea near the main in the capital has inked a new agreement several months after the suspended project was allowed to proceed by the country's current administration.

CHEC Port City Colombo (Pvt) Ltd, a unit of China Communications and Construction Company, said a tripartite agreement had been signed with Sri Lanka's Ministry of Megapolis and Western Development and the Urban Development Authority. 

The earlier temporary agreement was with Sri Lanka Ports Authority.

The project involves reclaiming sea near the Colombo Port in a 1.4 billion dollar project.
The land is expected to draw more than 13 billion dollars in foreign direct investments and create 83,000 jobs, the firm said.

http://www.economynext.com/Sri_Lanka_inks_new_deal_to_formalize_US13bn_China_sea_reclamation-3-5853-4.html

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

AEL.................ALL THE WAY TO MOON!

pfxavier


Senior Equity Analytic
Senior Equity Analytic
What make you to say the sub contract must goes to AEL. Is the new agreement include this ? why can't they go for a fresh tender ?

Teller

avatar
Moderator
AEL will get some benifit. ALUF & ALUM also going to be one of top supplier for them

hiransilva23


Vice President - Equity Analytics
Vice President - Equity Analytics
Teller any idea abt aluf??im keeping wit a losd.may i sell it??

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
US$13Bn. BALLS, its US $ 1.3Bn. Give a discount of 10% for our friends valuation! DO NOT MISLEAD INVESTORS!

ranferdi

avatar
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@samaritan wrote:US$13Bn. BALLS, its US $ 1.3Bn. Give a discount of 10% for our friends valuation! DO NOT MISLEAD INVESTORS!
Total  expted fdi after reclamation ...
""
The land is expected to draw more than 13 billion dollars in foreign direct investments and create 83,000 jobs, the firm said.""

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

fireshelter

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
any way good sign see CSE more Foreign Buying coming days End of This year with Net Foreign Inflows

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