Sri Lanka PM says Chinese port project 'not a threat'

Sri Lanka's president suspended the Port City plan shortly after taking power in January last year, before recommending last month that it be resumedA port project being built in Colombo by the Chinese is not a threat, Sri Lanka’s prime minister said Saturday amid concerns Beijing is trying to boost its influence in the Indian Ocean. The $1.4 billion “Port City” represents the biggest single foreign investment received by the island, adding 233 hectares (575 acres) of real estate in the congested capital. “The Port City is not a threat to anyone, it’s an opportunity for everyone to make money,” Prime Minister Ranil Wickremesinghe told a news conference.

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