Sri Lanka hands over strategic port to China as part of Belt and Road Initiative
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The Sri Lankan government has formally handed over the southern port of Hambantota to China on a 99-year lease. The $1.5 billion port was opened seven years ago and is incurring losses due to lack of commercial activity. Read Full Article at RT.comSri Lanka hands over strategic port to China as part of Belt and Road Initiative
The Sri Lankan government has formally handed over the southern port of Hambantota to China on a 99-year lease. The $1.5 billion port was opened seven years ago and is incurring losses due to lack of commercial activity. Read Full Article at RT.com Read more