Chinese company to build infrastructures in Sri Lanka worth USD500 million

November 14
5:53 PM 2013

An official said on Thursday that China Harbor Engineering Company (CHEC) has agreed to construct two hotels and a golf course in Sri Lanka worth USD500 million.

The Global Times in a report said that CHEC will build a 250-room hotel, tax-free shopping complex and a golf course at a resort located in the southern Sri Lankan town of Mattala. 

Another 200-room transit hotel, with a 1,000-car park and tax-free shopping facilities, will be built in Katunayake, the official said in a statement. 

The total cost for the projects is expected to range between USD540 million to USD640 million, the report said. 

According to the Global Times, the Sri Lankan government aims to transform the town into a tourist destination and investment hotspot. 

The USD209 million international airport in Mattala constructed by CHEC and funded by the Chinese government was opened to the public earlier this year. 

CHEC is also involved in other construction projects in Sri Lanka including a USD1 billion road project and the second phase of a USD1.2 billion harbor, both funded by the Chinese government, the Global Times stated.  

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