Agreement for leasing out the Hambantota Port to China, finalized


Hambantota-Port_23_03_2017

The Government had  finalized the agreement for leasing out the Hambantota Port to China Merchants,

According a government source, two separate companies would be formed to deal with administrative and commercial operations of the port.

The majority equity of the company to be formed for administrative operations would be vested with the Sri Lankan side.

Therefore Sri Lanka Ports Authority Act would be no need to amend  as a requirement to sign the deal.

 

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