Sri Lanka’s Port City says investments not affected by US sanctions on China firms

Colombo Port City, where investors will get land from the government of Sri Lanka are not part of United States sanctions targeted at the ultimate parent company of the project firm, and its foreign investments are not affected, an official said

Sep 14, 2020
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Colombo Port City, where investors will get land from the government of Sri Lanka are not part of United States sanctions targeted at the ultimate parent company of the project firm, and its foreign investments are not affected, an official said.

Thulci Aluwihare, Head of Strategy and Business Development at CHEC Port City Colombo (Pvt) Ltd, a sub-subsidiary of China Communications Construction said the company had no current business relationship with any of the CCCC units targeted in the sanctions.
 
The parent CCCC itself was not targeted by the US but the CCCC Dredging Group Company Ltd, three of its sub-subsidiaries and another subsidiary of CCCC.


https://economynext.com/sri-lankas-port-city-says-investments-not-affected-by-us-sanctions-on-china-firms-73875/