Sri Lanka has signed a deal of 1.12 billion dollars with China to operate a port in the south east of the country.But this deal was opposed by the trade unions and also have some security concerns.The Magampura Mahinda Rajapaksa Port is a maritime port at Hambantota ,Sri Lanka.
According to the deal,Sri Lanka Ports Authority agreed to sell 70% stake of the Hambantota Port to the China Merchants Ports Holdings .There are some concern that the port could be used by the Chineese military.But the government has given the assurances that China will run only commercial operations from the port on the main shipping route between Asia and Europe.Sri Lankan government said that the money from the deal helps to pay the foreign loans . India already stated its concern that China use this port for its military purposes
Comments
Post a Comment