Sri Lanka will sell Hambantota Port to China confirms Prime Minister
Sri Lanka will sign a $1.1 billion deal on Saturday to lease the southern Hambantota port to China on Saturday, reports the New York Times.
Prime Minister Ranil Wickremesinghe confirmed that the deal would be signed this weekend, speaking at a press conference on Friday.
“We will sign the Hambantota agreement tomorrow. We are giving the country a better deal without any implications on security,” said Mr Wickremesinghe.