Sri Lanka's pact with China for Hambanbota port may well be a case of strategic deception, and not just a political balancing act between India and China
Late last month, Colombo inked a revised version of a $1.1 billion deal for leasing the Hambantota port to a Chinese state-run company. The port has been controversial ever since the China Merchants Port Holdings (CMPort) signed a framework agreement in December 2016 with Sri Lanka, taking an 80% stake in the project. Following the deal, however, there was much domestic unrest and accusations by Sri Lanka’s opposition parties of a sell-out to China, forcing Colombo to reconsider its position.
Recommended For You
Select your Category
Internet Not Available
Wait for it…
Log in to our website to save your bookmarks. It'll just take a moment.