Sri Lanka to resume all suspended projects by early next year

The Sri Lankan government said on Thursday that it will resume all the suspended projects in the island nation by early next year as it looks to attract more foreign investments.

Cabinet spokesperson Dr. Rajitha Senaratne told a weekly media briefing that all the suspended projects would be given the go-ahead as agreements with the investors had already been signed.

"We cannot stop it halfways and the prime minister had never said he will stop it. The projects had to be reviewed which is in the process of being done," Senaratne said.

"Once everything is in place all the projects will continue as the government has already signed the agreements."

The new Sri Lankan government led by President Maithripala Sirisena suspended some projects earlier this year, including a mega multibillion U.S. dollar port city project funded by China, as concerns were raised over some aspects of the projects.

However the government recently said that the mega port city will resume construction by February next year after the nod was given following an environmental impact assessment which states that the project will incorporate solutions for integrated management of energy, water and waste for long-term environmental sustainability and for creating a comfortable environment for its occupants.

The government has maintained that the project will change the face of Colombo and attract millions of dollars of investments in the coming years. Enditem