Sri Lanka’s Hambantota gambit
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.