The Sri Lankan government has announced that the Chinese-funded 'Lotus Tower'' project is to be reviewed, in order to assess whether the construction of the tower should continue.
Sri Lanka's Ports and Aviation Minister Arjuna Ranatunga told reporters in Colombo that construction is currently taking place on land that belongs to the Ports Authority without proper government protocol having been followed.
Construction of the tower began in 2012, under former Sri Lankan President Mahinda Rajapaksa.
The US$104.3 million project was funded with a loan from China's EXIM Bank with a Chinese conglomerate made up of China National Electronics Import and Export Corporation (CEIEC) and Aerospace Long-March International Trade Co. Ltd (ALIT) due to complete the construction of the tower.
The announcement by Mr Ranatunga comes as the Sri Lanka government continues its review of another Chinese-funded construction in Colombo – the currently suspended Port City project in Colombo.
See our earlier posts:
China unhappy at Port City suspension order (08 March 2015)
Also see:
‘Lotus Tower’ construction commences in the Buddhist kingdom (20 Jan 2012)
Reaching for the stars... (03 Jan 2012)
Sri Lanka's Ports and Aviation Minister Arjuna Ranatunga told reporters in Colombo that construction is currently taking place on land that belongs to the Ports Authority without proper government protocol having been followed.
Construction of the tower began in 2012, under former Sri Lankan President Mahinda Rajapaksa.
The US$104.3 million project was funded with a loan from China's EXIM Bank with a Chinese conglomerate made up of China National Electronics Import and Export Corporation (CEIEC) and Aerospace Long-March International Trade Co. Ltd (ALIT) due to complete the construction of the tower.
The announcement by Mr Ranatunga comes as the Sri Lanka government continues its review of another Chinese-funded construction in Colombo – the currently suspended Port City project in Colombo.
See our earlier posts:
China unhappy at Port City suspension order (08 March 2015)
Sri Lanka threatens legal action against China over ‘Port City Project’ (05 March 2015)
Also see:
‘Lotus Tower’ construction commences in the Buddhist kingdom (20 Jan 2012)
Reaching for the stars... (03 Jan 2012)