The long-delayed $1.1bn sale of a 70 percent stake in Sri Lanka’s Hambantota port, which straddles the world’s busiest east-west shipping route, has been signed off in Colombo. It will help Sri Lanka get on top of mounting debts and adds another important…
The long-delayed $1.1bn sale of a 70 percent stake in Sri Lanka’s Hambantota port, which straddles the world’s busiest east-west shipping route, has been signed off in Colombo.
It will help Sri Lanka get on top of mounting debts and adds another important link in China’s ‘New Silk Road’ .
But many in Sri Lanka see it as a sell out, and India is worried about China moving into its backyard.
