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CCCC promises to provide documents

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Also ensures it will comply with the laws of the country

China Communications Construction Company Limited (CCCC), the ultimate investor in the Colombo Port City Project in a statement says that the company has received an official communiqué from the Secretary to the Ministry of Ports, Shipping & Aviation, which conveys the decision taken by the Cabinet Ministers of Sri Lanka, directing the suspension of the ongoing work for the Port City Project, with immediate effect.

The communiqué further directs CHEC Port City Colombo (Pvt.) Ltd to submit valid permits and approvals issued by the relevant government authorities. The company assured in the statement that all necessary steps will be taken to provide these requested documents as instructed by the Ministry to abide by the notification received, without prejudice to the legal rights of the company under the Agreement entered into with the Government of Sri Lanka on September 16, 2014, to develop the Port City Project.

Further, CCCC has also said that they will continue to comply with the laws of the country and follow the necessary guidelines issued by the Government for a mega development project of this nature. The foreign direct investment by CCCC for the creation of the Colombo Port City Project is USD 1.4 billion and the project is estimated to generate 83,000 local jobs.

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