PORT: China to build Colombo port.

Now, an ambitious programme to develop Colombo port has been given to another Chinese consortium. The Sri Lankan cabinet recently decided to award the contract to build a new deep-water container terminal in Colombo port to a consortium consisting of China Merchant Holdings International and Aitken Spence. According to reports from the island nation, the terminal will be built by the same company that built the Hambantota port complex --China Harbour Engineering Company ( CHEC) and Sino Hydro Corporation. No Indian company bid for this foregone conclusion.

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