February 7, 2015

"New government backs China’s $1.4 billion proposal after favorable environmental report.

Sri Lanka’s new government has approved China’s $1.4 billion port project in the island nation’s capital, marking a swift U-turn following warnings it might scrap the venture.

The decision was announced late on Thursday after China sent a special envoy to Colombo for talks with the new administration."

Read more:

http://www.chinadaily.com.cn/world/2015-02/07/content_19515659.htm