China's growing control over Sri Lanka infrastructure projects sparks concerns2 min read . Updated: 02 Jul 2021, 10:10 AM IST
- The terms of the deal allow CHEC to own the highway, recover the principal, earn profits and hand it over to the Sri Lankan government after 18 years
COLOMBO : China's increasing control over high-profile Sri Lankan infrastructure projects has renewed fears that the country may soon become a Chinese colony. This comes after the China Harbor Engineering Company (CHEC) won a new development project last month for a 17-km elevated highway in Colombo.
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