The China Harbour Engineering Company Ltd. (CHEC) Colombo Port City last week claimed that it had downsized its staff and were in the process of paying loans obtained from international finance companies due to the halting of the project.

However, the CHEC Port City, a subsidiary of China Communications Construction Company (CCCC) did not divulge the details of how much losses they had faced or the number of staff that had to be relieved due to the project’s suspension.

The project had been suspended on the orders of the new government since March 5. Accordingly, as of Saturday (13) it had been 100 days since project activities were halted.
However, the CHEC Colombo Port City (Pvt) Ltd, earlier stated that it was losing Rs.50 million daily due to the halt of the project. According to its own claims, it is estimated that the losses it had faced so far amounts up to at least Rs.5 billion.

The Cabinet had last week approved Prime Minister Ranil Wickremesinghe’s proposal to appoint a committee of high ranking officials chaired by Prime Minister’s Secretary for considering the ability of permitting the continuation of the project after correcting the lapses and procedures.

In a statement to The Nation, the CHEC Port City stated that they were informed of the decision and added that it hoped that open discussions between both parties would be the best way forward.