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Message: <blockquote data-quote="monson" data-source="post: 21744009" data-attributes="member: 30005">Chinese to build Ratnapura ExpresswayThe Cabinet Committee on Economic Management (CCEM) has decided to permit China Shandong International Economic and Technical Cooperation Group Ltd. to carry out a feasibility study for the Ratnapura expressway project.This project is to be a Public-Private Partnership (PPP) and the Chinese company proposes to undertake the project on a Build, Operate and Transfer (BOT) basis. At a recent meeting of the CCEM, it was noted that the Road Development Authority had conducted a feasibility study but, not on BOT terms. The Cabinet of Ministers have also granted approval for this project. The feasibility study will also examine how to link this proposed highway to the Horana Industrial Zone.A Hong Kong based company, Shang Properties (Pvt) Ltd, part of the Shangri-La Properties Ltd., has also made a proposal to the Govt for the setting up of a Mixed Development Project (MDP). It has been approved by the CCEM for an eight-year project implementation period. The Board of Investment has been called upon to amend their Letter of Approval to include this provision.This is for an MDP on a six-acre plot in Colombo 2 (Kompannaveediya area) which is owned by the Urban Development Authority.- <a href="http://www.sundaytimes.lk/170604/columns/transfer-of-deputy-minister-doesnt-mean-transfer-of-vehicles-paintings-243578.html" target="_blank">http://www.sundaytimes.lk/170604/columns/transfer-of-deputy-minister-doesnt-mean-transfer-of-vehicles-paintings-243578.html</a></blockquote>

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