Hambantota

Airport without planes, debt-laden seaport: China-backed projects testament to Sri Lanka's mismanagement

The centrepiece of the infrastructure drive was a deep seaport on the world's busiest east-west shipping lane, which was meant to spur industrial activity. Instead, it has haemorrhaged money.

published on : 11th May 2022

Sri Lanka needs to save its economy from China's debt-trap policy: Global Strat View

In an analytical piece, Global Strat View on Sunday said Sri Lanka's financial crisis is leading to a humanitarian crisis that could ultimately push the country into bankruptcy. 

published on : 7th February 2022

Sri Lanka minister criticised for opposing Hambantota port project with China

Sri Lanka's Justice Minister Wijeyadasa Rajapakshe is facing the wrath of the Cabinet members after he opposed a recently signed deal with China on the strategic Hambantota port.

published on : 12th August 2017

Sri Lanka, China sign USD 1.1 billion Hambantota port deal

The deal had been delayed by several months over concerns that the deep-sea port could be used by the Chinese navy.

published on : 29th July 2017

Sri Lanka to sign Hambantota port deal with Chinese firm tomorrow: PM Ranil Wickremesinghe

Sri Lanka's Cabinet on July 25 approved the sale to a Chinese firm of a 70 per cent stake in the Hambantota port, tweaking the deal after the initial agreement sparked protests.

published on : 28th July 2017