Chinese firm pens $500mn hotel deal

The China Harbour Engineering Company  has signed a deal worth $500 million with Sri Lanka authorities to build a golf courses and hotels in Hambantota and Katunayake, according to reports.

The same Chinese firm built a $209 million airport in Hambantota, named the Mattala Rajapaksa International Airport, funded by a loan from China.

See our feature from 2010:
Who benefits from Chinese loans to Sri Lanka?
(21 November 2010)

Add new comment

Plain text

  • No HTML tags allowed.
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.
  • Global and entity tokens are replaced with their values. Browse available tokens.