Hambantota Port: Govt. to include a new condition

1 April 2017 07:10 am - 4 - {{hitsCtrl.values.hits}}

A A A

The Government has decided to include a fresh condition to the agreement it intends signing with China Harbour Ltd on the management of the Hambantota Port.

The Government’s stake is expected to increase to 40 per cent, after ten years from the date of signing this agreement. Under the earlier agreement, the government was to own a 30 per cent stake.

“The government has arrived at this decision after estimating the amount it was hoping to receive from debt to equity swap,” sources said.

Although arrangements are being finalized to sign the agreement with the China Harbour, the economic affairs committee appointed to deal with the matter will meet President Maithripala Sirisena to brief him about the latest developments. (Yohan Perera)

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 4

Yehiya Saturday, 01 April 2017 09:47 AM

Do not wait long time get rid off from loan. Do not provide 90% attention on 10% voices.

ceylon Saturday, 01 April 2017 11:27 AM

no plans and no good plans.such important project still changing agrements also changing.lankan government is a real comady drama. via DM Android App

seqi Saturday, 01 April 2017 11:57 AM

keep squeezing this lemon for more...more.... via DM Android App

Avisenna Sunday, 02 April 2017 08:48 AM

JO pressure has worked. Good for democracy. via DM Android App

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Hambantota Port: Govt. to include a new condition

Comments - 4

Add comment

RECOMMENDED

‘Spike in blast fishing’ poses renewed threats to Sri Lanka’s marine ecosystems

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Most Viewed in News

Former MP Palitha Thewarapperuma dies from electrocution

Ranil Wickremesinghe caravan moves on despite barking dogs

Two racing drivers arrested over Fox Hill tragedy

Racing event tragedy leaves seven dead including eight-year-old child

Train fails to halt, crashes onto Colombo Fort platform

Street food vendor arrested for verbally harassing foreigner

MIRROR CRICKET

Is Chamari Athapaththu Sri Lanka’s greatest cricketer ever?

Athapaththu back atop ICC Women’s ODI Batting Rankings

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

TODAY'S HEADLINES

No footboard riding allowed, no liability for accidents: Railways Department

Six patients claim Rs.600 million from Keheliya and others for permanent loss of sight

SLPP, UNP initiates action for forming broad alliance

Here is the way!

Pakistan lose key players for last two T20Is against New Zealand

Sri Lanka secures third spot in South Asian Kurash Championship 2024

Athapaththu back atop ICC Women’s ODI Batting Rankings

Army forms committee to probe Diyatalawa Fox Hill Supercross accident