Leaked letter reveals Chinese plans for cement grinding plant in Sri Lanka

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Sri Lanka: A leaked letter from investment body the Agency for Development has revealed Chinese state pressure towards a tender for building a new cement grinding plant in the Hambantota investment zone. In the letter, reported upon by the News First television network, the head of the agency states that the Chinese Embassy asked that a Chinese investor, Sinoma Nanjing, be given priority for the project otherwise it would ‘lose confidence’ in the scheme. He added that the Chinese investors would pull out if other investors were also allowed to produce cement in the zone. The letter also reveals that the agency has proposed that Sinoma Nanjing form a joint venture with Ceylon Steel Corporation.

Last modified on 07 June 2017

URL: https://globalcement.com/news/item/6176-leaked-letter-reveals-chinese-plans-for-cement-grinding-plant-in-sri-lanka

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