Hambanthota Harbour sold dirt cheap
The land that belongs to Hambanthota Harbour is 1200 acres but the harbour is to be sold without any assessment to the infra structure development that has taken place and the land it owns.
Normally when a harbour commences operations its value increases. Also, in the valuation a separate valuation is added for the land it possesses and the infra structure facilities available.
However, this harbour is to be sold without considering or adding any additional values and what is unusual is that the government is not keen on collecting the estimated US$1400 million from the buyer.
It is speculated that former Rajapaksa regime has defrauded at least US$300 million when constructing the harbour. It may be the reason why the same Chinese company that constructed the Harbour buys it for US$1200 and no extra money is estimated for infra structure facilities.
