Wednesday, 16 November 2016
Prime Minister Ranil Wickremesinghe at the 15th Asia Pacific Conference in Hong Kong early November informed that Sri Lanka will give 50 sq.km to China Merchant Group for industrialisation. Newspapers reported that the cabinet accepted the swapping of the Hambantota Port debt to equity and the Government will sign the agreement on 8 January, next year. Under the proposal, China Merchant Port Holdings Ltd. (a member of the group) is to acquire 80% of Hambantota equity, valued at $ 1.08 billion and to settle payments in instalments. In addition, the Government hopes to dispose Mattala Airport under a PPA.
Sale of Hambantota Port.docx by Thavam Ratna on Scribd
