SL receives first tranche of H’tota port lease proceeds

26 December 2017 03:13 pm - 15     - {{hitsCtrl.values.hits}}

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Sri Lanka received the first payment for the lease of the Hambantota port to the state-owned Chinese firm, the Central Bank said today.

Accordingly, US $ 292.1 million has been credited to the US dollar account of the Government of Sri Lanka maintained at the Central Bank of Sri Lanka.

Sri Lanka Ports Authority (SLPA) leased out the Hambantota port to China Merchant Port Holdings (CMPort) for a 99-year period in exchange of US$ 1.1 billion in July.

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  Comments - 15

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  • Doug Tuesday, 26 December 2017 03:27 PM

    Can you buy Sri lankan airlines also, and give us some pocket money.

    Real Peace Tuesday, 26 December 2017 05:40 PM

    Can lease Sri Lankan govt for 999 yrs and make all of us as rich as China..!!

    malik Tuesday, 26 December 2017 03:34 PM

    The Drinks are on GOSL. Cheers

    Sunil Tuesday, 26 December 2017 03:40 PM

    Ugasata thaba mage' rata pitaratun hataLowa balawathun abhimukaye danin sitaHingaman yadimu sagindara niwnnataEnamuth mage' ratai loken uthum rata.Not only selling the country but applauding vigorously when the cheque is received.

    voter Tuesday, 26 December 2017 05:37 PM

    @ Sunil, Where were you when MR and the gang sold outright the Gallface land to Shangri la. Were you in slumber then?

    Dee Tuesday, 26 December 2017 03:51 PM

    Oh. Thank god. It did come. Any possibility of reversing the outright sale of galle face to shangri la? Even giving it on a free lease would be better that the crime that was done by selling our nations most valuable property . Hambantota is a jungle. So we are glad someone is paying lease for it.

    Somapala Tuesday, 26 December 2017 05:47 PM

    JRJ gave land next to Shangri La to India’s Taj for FREE. Premadasa gave land close by to a Japanese company to build World Trade Center for FREE. Giving land to Shangri la for USD 125 million is an achievement. That money could have used to build the pentagon that was in the plans since JRJ but never implemented.

    Jagath Leanage Tuesday, 26 December 2017 03:58 PM

    With this , will our exchange rates come down drastically ?

    Mr Facts Tuesday, 26 December 2017 04:11 PM

    I thought this will be credited towards settling the loan obtained to build the Hambantota port?

    MORE FLYING HOURS Tuesday, 26 December 2017 07:28 PM

    For more trips abroad

    Ahmed Tuesday, 26 December 2017 04:48 PM

    the question is what are you going to buy with this money ? are you going to spend this money on getting vehicle permits for mps ? or else are you going to promise government workers a salary hike to get more votes in the next election. the question is what are you going to do for citizens with this money

    Led Hogan Tuesday, 26 December 2017 05:20 PM

    This will go towards propping up SriLankan airlines US$500 million bale out next year. What a bottomless monster.

    voter Tuesday, 26 December 2017 05:38 PM

    Gonna have a grand 31st night party!!!

    Saman Tuesday, 26 December 2017 06:21 PM

    Time for another supplementary estimate for vehicles and houses..

    Sambo Wednesday, 27 December 2017 12:52 PM

    Some ministers must be very happy. Bonus has come for them at last.


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