Sri Lanka-china

Sri Lanka signed two multi-million dollar contracts with Chinese firms for a port upgrade project on Thursday in the middle of a political hiatus that has raised doubts over the legitimacy of the government and the legality of the deals.

Sri Lanka today signed a US $1.1 billion deal to sell a 70 per cent stake of the strategic Hambantota port to China, amid concerns over the massive debt the island nation incurred in building the port.

Sri Lanka's government on Wednesday launched an investigation into a $700 million river diversion deal that had been finalised with a Chinese company weeks before the fall of the previous regime.

Sri Lanka signed two multi-million dollar contracts with Chinese firms for a port upgrade project on Thursday in the middle of a political hiatus that has raised doubts over the legitimacy of the government and the legality of the deals.

Sri Lanka today signed a US $1.1 billion deal to sell a 70 per cent stake of the strategic Hambantota port to China, amid concerns over the massive debt the island nation incurred in building the port.

Sri Lanka's government on Wednesday launched an investigation into a $700 million river diversion deal that had been finalised with a Chinese company weeks before the fall of the previous regime.