Thursday, 9 December 2021

Tag Archives: port deal

Sri Lanka, China sign long-delayed $1.5 billion port deal

COLOMBO: Sri Lanka’s government signed a long-delayed agreement to sell a 80 percent stake in a $1.5 billion port to China in a bid to recover from the heavy burden of repaying a Chinese loan obtained to build the facility. The agreement comes after a nearly six-month delay since the ...

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