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Hambantota Port: Govt. to include a new condition

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

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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)

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  Comments - 4

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

 

 
  • 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


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