Hambantota (Hafen)
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Chinese Firm Pays $584 Million to Secure 99-Year Lease of Sri Lanka Port
June 20 (Reuters) – China Merchants Port Holdings has made a $584 million payment as part of a $1.12 billion deal to operate Sri Lanka’s deep sea Hambantota port, a state-run agency said on Wednesday.
Sri Lanka Approves LNG Plant Near Chinese-controlled Port
Sri Lanka's state-run investment body has approved a $500 million liquefied natural gas plant by China Machinery Engineering Corp near a Chinese-controlled port and industrial zone, the development strategies minister said on Friday. The state-run Board of Investment has approved investment projects worth $1 billion in the first quarter, Malik Samarawickrama said, the largest of which was the LNG project in Hambantota, where China Merchants Port Holdings controls a Chinese-built port on a 99-year lease. The port, which is leased for $1.12 billion, is near the main shipping route from Asia to Europe and likely to play a major role in China’s "belt and road" initiative
China Merchants Port officially operates Hambantota Port
On December 9, 2017 local time, The joint venture of Hambantota Port between China Merchants Port Holdings and the Sri Lanka Ports Authority began operations, the company said in its press release. China Merchants Group Executive Vice President Hu Jianhua attends the ceremony and delivers a theme speech. Sri Lanka Premier Ranil Wickramasinghe speaks highly of the investment of China Merchants Group and expresses gratitude to the support of China. Hu Jianhua says that we have confidence to build the port into an international shipping hub linking South Asia with Africa. China Merchants Group and Sri Lanka will create shared prosperities.
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