China granted 500 million Yuan to Sri Lanka as a gesture of friendship, as the Sri Lankan prime minister Ranil Wickremesinghe continued his visit to Beijing.
The offer was made by the Chinese prime minister, Li Keqiang, during bilateral discussions with Mr Wickremesinghe on Thursday.
"China welcomes the resuming of the Colombo port construction and is willing to join hands with Sri Lanka to steadily expand the construction of the project," Mr Keqiang said, whilst expressing his wish that both sides will speed up the negotiation of the second phase of Hambantota port project.
"Both parties should strive for finishing the negotiation of China-Sri Lanka free trade agreement by year-end. China will develop industrial capacity cooperation with Sri Lankan plan to build an economic zone, and help speed up the construction of infrastructures and its industrialization process," he further added.
He will be visiting Sri Lanka next year, following Mr Wickremesinghe extending an invitation during the talks.
See more here.
Related article: Ranil in China as Sri Lanka hopes to restructure $8 billion of debt (07 Apr 2016)
The offer was made by the Chinese prime minister, Li Keqiang, during bilateral discussions with Mr Wickremesinghe on Thursday.
"China welcomes the resuming of the Colombo port construction and is willing to join hands with Sri Lanka to steadily expand the construction of the project," Mr Keqiang said, whilst expressing his wish that both sides will speed up the negotiation of the second phase of Hambantota port project.
"Both parties should strive for finishing the negotiation of China-Sri Lanka free trade agreement by year-end. China will develop industrial capacity cooperation with Sri Lankan plan to build an economic zone, and help speed up the construction of infrastructures and its industrialization process," he further added.
He will be visiting Sri Lanka next year, following Mr Wickremesinghe extending an invitation during the talks.
See more here.
Related article: Ranil in China as Sri Lanka hopes to restructure $8 billion of debt (07 Apr 2016)