Sri Lankan Ports Need Investment and China Steps In

Sri Lankan Ports Need Investment and China Steps In

Advertisement Despite innumerable warnings from the U.S. and its allies that China is the root of Sri Lanka’s economic woes, and that Chinese infrastructure development projects create security dilemmas for India, Colombo went ahead recently to sign an agreement with a China Merchants Port Holdings (CMPH)-led consortium to build a $392 million South Asia Commercial … Read more

China Strengthens Grip on Sri Lanka’s Colombo Port  

China Strengthens Grip on Sri Lanka’s Colombo Port  

Advertisement China is strengthening its grip on Colombo port after securing an agreement to build, operate, and transfer a warehousing hub within the port. The China Merchants Port Holdings Company (CMPH) will have an 85 percent stake in the warehouse facility and will operate it for 50 years. The Sri Lankan government assigned the $392 … Read more