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Sri Lanka, China Merchants Port Holdings in deal to operate Hambantota port

ECONOMYNEXT – The Sri Lankan government has approved a deal in which China Merchants Port Holdings will operate the southern Hambantota port under a public-private partnership arrangement, a spokesman said.

The deal proposed by the Ministry of Development Strategies and International Trade, and Ministry of Special Assignments based on a decision by the Cabinet Committee on Economic Management was approved by the Cabinet of Ministers this week.

The government is to enter into a framework agreement with China Merchants Port Holdings to develop Hambantota port, which was build by Chinese contractors with Chinese government loans.
(COLOMBO, Dec 07, 2016)

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