How did govt. earn US$1.1 Bn from 'white elephant'? Namal

9 December 2016 04:57 pm - 7 - {{hitsCtrl.values.hits}}

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UPFA Hambantota District MP Namal Rajapaksa today asked how the Hambantota Port, which was branded as a ‘white elephant’ by the United National Party (UNP) when in the Opposition, had now become a paying concern good enough to be sold to a private company.

He condemned the Government’s decision to handover some 80 per cent of the Port to China Merchants Port Holdings Company and said the government was to receive US$1.1 billion by doing so.

“If the port was making a loss, the government should clarify how it was able to estimate its value at US$1.1 billion,” Namal told a news conference.

He said it was uncertain as to what would happen to the funds received from the deal.

“The government says it sold the port to settle the debts that had swallowed the country. However, as far as we know, it won’t be used to settle the debt but will go into the hands of an individual,” Namal said.

He said an income of Rs.5,000 million was received from the port during the Rajapaksa government but it had dropped to Rs.2,150 million within one year after the present government. (Lahiru Pothmulla)

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Comments - 7

Veda mama Saturday, 10 December 2016 07:50 AM

Oh! That's good!! Name the individual?

StatingTheObvious Saturday, 10 December 2016 08:07 AM

This guy needs to go back to school.

German Jacob Saturday, 10 December 2016 09:19 AM

Mr. Namal Rajapakshe how many billions went to your father's pocket on this Harbor project?

ralahamy Saturday, 10 December 2016 09:52 AM

What ever said, we should appreciate this guy. He is very open with his opinion even it exposes the level of his perception and understanding of the situation. He belongs to a different level of club in the merry-making field. But he does not belong to the matured and responsible political club - that is for sure.

faizal Saturday, 10 December 2016 09:52 AM

Govt. earned US 1.1 Bn by rectifying the colour of white Elephant to blackand its feature from foul to fair. via DM Android App

Casanova Saturday, 10 December 2016 10:06 AM

Very simple; all you need is a good Marketer. If chicken shit can be sold as fertilizers, If MR was branded as patriot, why could not the port be also branded and get the maximum out of it?

TONY Saturday, 10 December 2016 10:44 AM

NOTHING. ALL WENT TO OTHERS BANK ACCOUNTS

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How did govt. earn US$1.1 Bn from 'white elephant'? Namal

Comments - 7

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