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Chinese company to invest $1 billion in Port City development

China's state owned company, China Harbour Engineering Company Ltd, is to invest $1 billion into the development of three office towers within the Port City area, Sri Lanka's minister of regional development was quoted by Reuters as saying on Tuesday. 

“It will be part of the new financial city,” Mr Champika Ranawaka told reporters. 

“The investment will be $1 billion and we expect to sign the agreements this month in Beijing," he added whilst accompanying the prime minister, Ranil Wickremesinghe on a visit to the site. 

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