Sri Lanka to expand Hambantota port with China

[Skyline]

Sri Lanka to expand Hambantota port with China loans

Aug 23, 2012 (LBO) - China will finance the expansion of Hambantota Port in the island's south with two loans of 600 million US dollars and one billion yuan, cabinet spokesman Keheliya Rambukwelle said.

The dollar denominated loan will come from the Exim Bank of China and the yuan loan will come from the government of China.
"The second phase of the port will provide a strong supplementary port to Colombo Port and support Sri Lanka to consolidate its status as a transshipment hub in the South Asian region," he said.

The first phase of the Hambantota port, also financed by China has been positioned as an industrial port with facilities to transship vehicles and also provide bunkering services.

Sri Lanka to expand Hambantota port with China loans - LANKA BUSINESS ONLINE

 

[Skyline]

good good develop the port with chinese money.. one day we get all this and throw you into the ocean

...okay sweet kid

 

[ahfatzia]

This port, when fully developed, could be one of the largest logistic hub in the world. The Singapore government should get involve more and perhaps moves some of our port operations here. Maybe we can buy/rent some land for our industrial operations too.

A perfect place to raise our kids, I say.

 

[Maleesh]

good good develop the port with chinese money.. one day we get all this and throw you into the ocean

hahahah indians always trolling in the deep

 

[Kiss_of_the_Dragon]

hahahah indians always trolling in the deep

Sentinement of an insecure...whate else we expect? By the way I hope SL will make alot of money with that port...China is very lucky to have a friedly nation such Sri Lanka.