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Message: <blockquote data-quote="monson" data-source="post: 20489543" data-attributes="member: 30005">Sri Lankan government rejects media report saying China declined request to convert loans into equitySun, Jul 31, 2016, 10:04 pm SL Time, ColomboPage News Desk, Sri Lanka.July 31, Colombo: The debt/equity swap on the Chinese loans taken by the previous government will be implemented in accordance with the discussions Prime Minister Ranil Wickremesinghe had with the Chinese President Xi Jinping and Prime Minister Li Keqiang, the government said rejecting a media report that said otherwise.Issuing a statement the Government Information Department said a <a href="http://www.sundaytimes.lk/160731/news/htota-and-mattala-china-declines-lankas-request-203012.html" target="_blank">Sunday Times report</a> that said China has declined Sri Lanka's request to convert into equity Beijing-funded projects including the Mattala Airport and the Hambantota Port was not true.In accordance with the discussions held on 8th April this year, the Chinese Government will promote Chinese firms interested in entering to private-public partnership with Sri Lanka Government with regard to the specific project, the statement said.The Cabinet Committee on Economic Management (CCEM) has instructed Minister of Development Strategy and International Trade and Minister of Special Assignment to discuss the required modalities with the Chinese Ambassador and report back to the Government. The discussions have been finalized and report is to be submitted.Following the discussions on Friday, a meeting was held in Hambantota by the two Ministers with the Chinese Ambassador and interested Chinese firms on the proposals for Mattala Airport, Hambantota Port, Tourism Zone, Oil Refinery, a Dock Yard, a LNG power plant and industrial parks. These will come under the public-private partnership between Sri Lanka Government and investors.The Government Information Department has charged that a part of the English print media has distorted the facts with regard to these transactions in order to disrupt the economic development of Sri Lanka.- <a href="http://www.colombopage.com/archive_16B/Jul31_1469982846CH.php" target="_blank">http://www.colombopage.com/archive_16B/Jul31_1469982846CH.php</a></blockquote>

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