Korea to sign deal with Sri Lanka on new town development
South Korea’s government said Tuesday that it plans to sign an initial deal with Sri Lanka on the development of the Sri Lankan capital of Colombo and adjacent areas.
Kang Ho-in, minister of land, infrastructure and transport, is set to sign a memorandum of understanding with his counterpart from Sri Lanka, Patali Champika Ranawaka, at a Seoul hotel later in the day, according to the ministry.
The deal calls for, among other things, South Korea and Sri Lanka to primarily cooperate on projects to develop a science and technology based city in Malabe on the outskirts of Colombo while pursuing a housing development project near an airport.
The move is part of Sri Lanka’s projects worth $63.2 billion to develop nine new zones in Colombo and its adjacent areas by 2030.
Sri Lankan officials also plan to hold a meeting with South Korean builders on the country’s development projects later in the day.
(Korea Herald)
Latest Headlines in Sri Lanka
- Mahinda Rajapaksa’s security chief Neville and son Yoshitha summoned to CID December 28, 2024
- Salochana Gamage arrested by CIABOC in Rs. 9 million bribery case December 28, 2024
- NMRA suspends 60 pharmacy licenses over regulatory breaches December 28, 2024
- Sri Lanka imports 72,000 metric tonnes of rice to address market scarcity December 28, 2024
- Public oral feedback on Sri Lanka’s electricity tariff amendments starts today December 27, 2024
Since our so called engineers etc cannot d anything let Chinese and Korean engineers to do the work. In exchange we send our engineers (with degrees from Universities which does not worth the paper is writen) to China and Korea as road sweepers, and cleaners as these are the jobs they are capable of doing.