Sri Lanka hotel planned by China Harbour: report

Nov 22, 2011 (LBO) - China Harbour Engineering Company (CHEC) a firm active in several Chinese financed project in Sri Lanka is looking to build a hotel in Hambatota in the south of the island, a media report said. Sri Lanka's Ceylon Today newspaper said CHEC had also looked at lakefront land in Colombo.

"They are very keen to set up a hotel project in between the Udamaththala international airport and Hambantota city," the newspaper quoted deputy economic development minister Lakshman Abeywardene as saying.

The airport is also being built with Chinese finance.

The newspaper citing a source close to the firm said CHEC may invest as much as 750 million dollars in a 'mixed development' project.

A mixed development can include a shopping mall and residential apartments in addition to only a hotel.

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