Sri Lanka formally hands over Hambantota port to ChinaSri Lanka owed China US 8 billion then finance minister Ravi Karunanayake had said last year.
Hambantota port not a military base for foreign countries: Sri LankaUnder the 99-year lease agreement, China's state-run conglomerate China Merchant Port Holdings (CMPort) is to invest up to USD 1.1 billion ...
Sri Lanka, China sign USD 1.1 bn Hambantota port dealThe deal had been delayed by several months over concerns that the deep-sea port could be used by the Chinese Navy.
Sri Lanka to sign Chinese port deal tomorrow: Ranil WickremesingheSri Lanka's Cabinet on July 25 approved the sale to a Chinese firm of a 70 per cent stake in the Hambantota port, tweaking the deal after t...