Hambantota port will alleviate Sri Lanka's debt burden says minister
Sri Lanka's minister of ports and shipping, Mahinda Samarasinghe on Saturday welcomed the signing of the Hambantota deal arguing it would help to alleviate the country's considerable debt burden.
"According to the ultimate agreement signed today, the Treasury will directly receive a sum of US$ 1.12 billion. In addition the Chinese Company has agreed to invest another US$ 600 million in the future," Mr Samarasinghe was quoted by Colombo Page as saying at the signing ceremony.

