China pays final tranche of USD 584 Mln to Sri Lankan Port Authority for 99 yr lease of Hambantota Port

Caxin Global. 21 June. 5 minute read.
China made the third and final tranche of the payment of the USD 1.1 Bln deal that gives it access to the Hambantota deepwater port. The port holds a key strategic place in China’s Belt and Road Initiative, which entails building a network of ports to accelerate economic growth in the region.
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