Hambantota Fiasco and Implications for Future
There is no question that tripartite agreements or a ‘Bay of Bengal Trade Zone’ could benefit Sri Lanka in theory. But it is far-far away from the current reality. As the Hambantota fiasco has shown, Sri Lanka or the present government is not ready for that. If Sri Lanka cannot manage the Hambantota port, as the major partner of the so-called PPP, how can it benefit from other deals?
by Laksiri Fernando- Dec 23, 2016
( December 23, 2016, Sydney, Sri Lanka Guardian ) Fiasco might be a strong word, but it is fitting at least considering the Navy handling of the Journalist. For a while, because of this ‘fiasco,’ the bigger issue or the bigger Fiasco got blurred. The leasing of the Hambantota Port for 99 years at this stage of Sri Lanka’s economic development for just US$ 1.12 billion to a Chinese company (China Merchants Ports Holding Company) will have great repercussions for the country for a long period.
