Sri Lanka has signed a $1.1bn (£837m) deal with China for the control and development of the southern deep-sea port of Hambantota. The deal had been delayed by several months over concerns that ...

To keep the Hambantota dream alive Sri Lanka needs help, and debt-for-equity swaps have been arranged that will see controlling interests in the country's only deep sea port and Mattala ...

On the first day of the new year, the Chinese and Sri Lankan flags were hoisted to the same height over the Hambantota port in the Indian Ocean nation. It was the first time the Chinese flag had ...

Yuan Wang 5, a Chinese scientific research ship, arrives at the port in Hambantota, Sri Lanka, Tuesday on 16 August 2022 after an earlier port call was deferred due to apparent security concerns (AP) ...

Sri Lanka leased the Hambantota deep sea port to China for 99 years for $1.12bn, less than the $1.4bn Sri Lanka paid a Chinese company to build it. Advertisement .

Sri Lankan port workers hold a Chinese national flag to welcome Chinese research ship Yuan Wang 5 as it arrives in Hambantota International Port in Hambantota, Sri Lanka, Tuesday, Aug. 16, 2022.

Sri Lanka's Cabinet approved the sale to a Chinese firm of a 70 per cent stake in the strategically-located Hambantota port.After the initial agreement sparked protests.

Sri Lanka formally handed over commercial activities in its main southern port to a Chinese company on Saturday and received US$292 million out of a US$1.12 billion deal, Finance Minister Mangala ...

China is in Sri Lanka to stay, and will continue to own the Hambantota port for years to come. Ten years from now Beijing will still own 60 percent of the Hambantota port.

Sri Lanka has signed a $1.12bn agreement with a state-run Chinese firm to operate a port in the southeast of the country, despite security concerns and protests from trade unions. According to the ...

Sri Lanka has signed a $1.1bn (£837m) deal with China for the control and development of the southern deep-sea port of Hambantota. The deal had been delayed by several months over concerns that ...