The Port City Act is set to be amended by October because of widespread tax holidays without any structural benchmarks.

China is investing billions of dollars in infrastructure development in Sri Lanka. In addition to the Hambantota Port, China will also set up an industrial zone in Hambantota.

The Grand Aurora vehicle carrier sits moored at Hambantota Port, operated by China Merchants Group, in Hambantota, Sri Lanka, March 28, 2018. (Atul Loke/Bloomberg) ...

HAMBANTOTA, Sri Lanka — Every time Sri Lanka’s president, Mahinda Rajapaksa, turned to his Chinese allies for loans and assistance with an ambitious port project, the answer was yes.

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.

The Grand Aurora vehicle carrier, right, sits moored at Hambantota Port, operated by China Merchants Group, in Hambantota, Sri Lanka, on March 28, 2018.

Exploring the Significance of Hambantota Port for China and Sri Lanka. The convoluted story behind the failing Port of Hambantota, erected with much ado on Sri Lanka’s southern shore, has become ...

In conclusion, the decision to establish Hambantota port as China's next naval base has far-reaching implications for Sri Lanka and the regional power dynamics in South Asia.

On July 25, China Merchants Port Holdings Co., a state-owned Chinese port operator, issued a press release that should make Indian security analysts sit up and take notice.

Each year roughly 60,000 ships vital to the global economy sail through the Indian Ocean past a Chinese-operated port on the southern tip of Sri Lanka. Almost none of them stop to unload cargo.

Hambantota port has a long way to go before it worries competitors in Singapore, Malaysia, Middle East. Each year roughly 60,000 ships vital to the global economy sail through the Indian Ocean ...