Sri Lanka and China have reportedly reached an agreement to further promote the development of the Belt and Road Initiative (BRI) as well as the shipping and logistics sectors.
Micro Cars Sri Lanka together with a consortium of investors from Europe, Korea and China are to invest US$ 300 million in building state-of-the-art city buses, luxury coaches and to also get involved in light railway transit (LRT) project.
Sri Lanka’s State Minister for Prot Development, Kanaka Herath has stated that the government of Sri Lanka will relook at attracting investors for the proposed Galle Harbour Yacht Marina which was stalled for the past five years.
Sri Lanka’s Renuka Holdings Plc has reportedly announced that it has entered into a deal to construct its flagship Rs. 3.9 billion mixed-development project
Sri Lanka’s Foreign Minister Dinesh Gunawardena has reportedly said that Sri Lanka is looking at increasing bilateral trade with Russia to US$ 700 million and continue policies set by the previous administration