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The construction of the Hambantota
Port will begin within the next three months. The first
stage will commence in July 2007.This is a sequel to
the successful discussions held by President Mahinda
Rajapaksa with Chinese President Hu Jintao and Chinese
Premier Wen Jia Bao during his current Chinese visit.
Eighty-five percent of the construction
expenses will be borne by the Chinese Government. Premier
Wen Jia Bao has agreed to release this money soon.
The discussions in Beijing with
the two Chinese construction firms that will undertake
the project have been successful. They are expected
to sign the agreement with Sri Lanka on March 12. Foreign
Minister Rohitha Bogollagama, Power and Energy Deputy
Minister Mahindananda Aluthgamage, Finance Ministry
Secretary Dr. P.B. Jayasundera were also associated
in the discussions with the Chinese construction firms.
The first stage of the project is
expected to be completed within three years. Planning
and other preliminary work has already been completed.
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