Sri Lanka-china Port Deal

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 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.