SL sign deal on Hambantota port with China

29 July 2017 10:42 am - 18 - {{hitsCtrl.values.hits}}

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Sri Lanka signed a US$1.1 billion deal today to lease the southern Hambantota port to China, after several months of delay caused by protests.

The amended agreement was signed between the Sri Lanka Ports Authority (SLPA) and the China Merchant Port Holdings at the Ministry of Ports and Shipping under the auspices of Prime Minister Ranil Wickremesinghe.

PM Wickremesinghe yesterday announced that the lease out agreement would be signed today. “We will sign the Hambantota agreement tomorrow (Saturday)...We are giving the country a better deal without debt,” PM Wickremesinghe told media on Friday.

The agreement had been signed with the presence of Minister of Ports and Shipping Mahinda Samarasinghe, Development Strategies and International Trade Minister Malik Samarawickrama, Finance and Media Minister Mangala Samaraweera, Special Projects Minister Sarath Amunugama, Ports and Shipping Deputy Minister Nishantha Mutuhettigama. Chinese Ambassador to Sri Lanka Yi Xianliang, Executive vice president of china merchant group Dr. Hu Jianhua, Counsul General Yang Zuo Yuan of the Chinese government and a group of government officials also presented.

Secretary of the Ministry of Ports and Shipping L.P. Jayampathy, Chairman of the Sri Lanka Ports Authority Dr. Parakrama Dissanayake signed the agreement on behalf of the Sri Lankan government and Executive Vice President of China Merchant group, Dr. Hu Jianhua Signed this agreement representing the government of China.

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Comments - 18

Ajith Saturday, 29 July 2017 12:14 PM

Well done.

Amila Saturday, 29 July 2017 12:16 PM

During the war China proved to us that it's our real friend.

Clix Saturday, 29 July 2017 12:19 PM

Now please don't give our strategic asset oil farm to India.

Adhil Saturday, 29 July 2017 12:47 PM

you mean the old rusted bunch of containers in trinco?

Bala Saturday, 29 July 2017 05:06 PM

Why to stop development of our country or just to boast we have a oil tank farm doing nothing but going to ruin. What is your reason.

Wicky Pontin Saturday, 29 July 2017 12:26 PM

Once LTTE gets revived in TN our future generations will have trouble. Giving Trinco to India means allowing TN control.

adhil Saturday, 29 July 2017 12:49 PM

good job, dont get intimidated by the JVP and its group of TUs they caused problems in 1989, dont let them continue that tradition.

Kapila Saturday, 29 July 2017 12:58 PM

At long last, something positive happening in the country.

Nihal Amarasekera Saturday, 29 July 2017 01:10 PM

Hope in the soul and will be to the best.

lion Saturday, 29 July 2017 02:17 PM

what have you done with these tanks in all these years. Just because you have a mouth dont tell these nonsense.

Bawa Saturday, 29 July 2017 02:26 PM

In due time the benefits of these PPP will materialise.

Abdul Saturday, 29 July 2017 04:13 PM

well done

Lokka Saturday, 29 July 2017 08:06 PM

Next what ? Giving Trinco to India ? Sri Lanka's fate will be decided by this.

Ajit Rajah Sunday, 30 July 2017 04:08 PM

To develop the ruin d North please sign an agreement with India to develop KKS harbour. Ajit

Hautaum Saturday, 29 July 2017 08:08 PM

well done and shout up Indian foul month , any how previous govt was mad to constructed port any benefit also pumped moneys in H.- Port see..

SL Sunday, 30 July 2017 11:13 AM

One of the minister in this pics was bankrupted before he becomming a minister ,now he brought new garment factories under his umbrella.

Nostradamus Sunday, 30 July 2017 12:16 PM

Nothing is clearly mentioned about the involved land. How many acres Where Leased for how many years or outright sold This is crucial. via DM Android App

lankan Sunday, 30 July 2017 12:47 PM

on the 30th anniversary of (29th July 1987) Indo-Lanka accord, another accord signed with China, I am not sure whether this good to give control of SL from one country to another!

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SL sign deal on Hambantota port with China

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