Friday, August 11, 2017

Why did Sri Lanka seek Chinese investments in ports?

logoBy Thilini Kahandawaarachchi-Thursday, 10 August 2017

During the last decade, China has heavily invested in ports across the world spanning from Africa to Australia. In South Asia, they built the Gwadar Port in Pakistan and the Hambantota Port in Sri Lanka. Despite being a staggering $1.12 billion investment, last week’s tripartite agreement between Sri Lanka Ports Authority, China Merchant Port, and the Ministry of Ports and Shipping has left many criticising China’s investments in the Hambantota Port.