Dec 04, 2017

Hanbantota harbour to China Merchant custody

The Hambantota harbour is to be handed over to China Merchant on December 8 under a long term lease agreement, government sources revealed.

It is said that as the first premium payment of the lease, the Sri Lankan government is scheduled to receive $ 300 million.

The agreement to lease the Hambantota harbour to China Merchant was signed in the beginning of this year. According to the lease agreement, 70 percent of the shares of the Hambantota harbour will go to China Merchant while 30 percent will remain with the Sri Lanka Port Authority.

The Sri Lankan government is scheduled to receive around $ 1,200 million through the leasing of the Hambantota harbour to China Merchant.

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Top