12 March 2017
Sri Lanka is to scale back the Hambantota port deal with China after widespread protests by local residents.
The original deal was to transfer an 80% stake to China Merchants Port Holdings through a long lease. However, after protest by local community members and some politicians, it is expected that the deal will be renegotiated.
“We have proposed several changes and we will end up with a situation which is far more favourable to the institution [Sri Lanka Port Authority],” said the Ports Minister, Arjuna Ranatunga.
The port was built during Rajapaksa’s presidency and is included in the $8-billion worth of debt to be owed to the Chinese.
Read more on The Hindu.
We need your support
Sri Lanka is one of the most dangerous places in the world to be a journalist. Tamil journalists are particularly at threat, with at least 41 media workers known to have been killed by the Sri Lankan state or its paramilitaries during and after the armed conflict.
Despite the risks, our team on the ground remain committed to providing detailed and accurate reporting of developments in the Tamil homeland, across the island and around the world, as well as providing expert analysis and insight from the Tamil point of view
We need your support in keeping our journalism going. Support our work today.
For more ways to donate visit https://donate.tamilguardian.com.