The rating agency noted that the development of the broader Hambantota Port area will help bring in foreign direct investment into Sri Lanka, especially from China. The buildup of associated infrastructure surrounding the port also can help attract greater private-sector investments, and this, togethe...
Sri Lanka and China last month signed an agreement to develop the port. The agreement was signed between China Merchants Port Holdings and the Sri Lanka Ports Authority. Observing that international rating agencies had been quick to highlight the positive effects of the transaction from the Hambanto...
The annual throughput of bulk cargo at Hambantota Port in Sri Lanka has increased to 1.21 million tonnes. The Vado Gateway terminal has become the first semi-automatic terminal operating in Italy. The Lekki Deep-sea Port in Nigeria has been completed and entered service, becoming a major modern...
It has committed USD 60 billion to Pakistan and over USD 20 billion to Bangladesh. Sri Lanka’s Colombo Port City (CPC) and the Hambantota Port and industrial zone (HIP) were financed by China. Once fully operational, the CPC is expected to become the glittering financial hub in the ...
Vehicles transshipped from Sri Lanka's China-run Hambantota Port has grown 63 percent in the first four months of 2021 to 193,690 units from 118,872 units last year, driven by cars made in India and Korea.
Sri Lanka’s ambassador to China Palitha Kohona has dismissed suggestions that the country is planning to extend a 99-year lease it granted to Beijing to run Hambantota port. Palitha Kohona said in an interview with the South China Morning Post that his country would “never be an un...
FILE - Sri Lankan Buddhist monks wait for the arrival of President Mahinda Rajapaksa at the Mattala Rajapaksa International Air Port in Mattala, Sri Lanka, Monday, March 18, 2013. The Chinese-funded airport built in the president’s hometown away from most of the country...
Step 2, now book a ticket for a suitable high-speed train between Hong Kong West Kowloon & Guangzhou South, this takes as little as 47 minutes. I'd allow at least 90 minutes between trains at Guangzhou South if you are making a same-station change, or 2-3 hours between trains if you...
Similarly, protests in Sri Lanka were also conducted over the 99-year lease to China of the Hambantota port and allegedly served the projects as the geopolitical interests (Stacey, 2017). Interestingly, the EU is not outlined on the country list in the Chinese state media report considering ...
Sri Lanka's Parliament approved a motion presented by the government to include the Colombo Port City to be a part of the island country's capital Colombo last month. Subsequently the land belonging to Colombo Port City, which was reclaimed from the sea will now be under the authority of th...