Sunday, July 30, 2017

China Continues To Strengthen Transport Links In Asia

China, Sri Lanka ink Hambantota Port deal

COLOMBO - China Merchants Port Holdings and the Sri Lanka Ports Authority signed an agreement here on Saturday to develop the Hambantota Port in southern Sri Lanka. Under the deal, the Chinese side will hold a 70 percent stake in two joint ventures to be launched to take charge of the commercial and administrative management operations…