Preliminary discussions on the setting up of International School at Colombo Port City in collaboration with three leading British independent schools were held in Colombo recently.
China has given debt-ridden Sri Lanka the financing assurances required by the IMF to unlock a US $2.9 billion bailout package for the country, days after India strongly backed the island nation's efforts to secure the loan from the global lender to recover from its worst-ever economic crisis.
Colombo South Port is to be developed by China Merchant Port Company, its existing venture CICT and SLPA as a Public-Private-Partnership project with an investment of US $ 150 million.