Sri Lanka to renegotiate Hambantota deal

摘要

Sri Lanka's ports and shipping minister has confirmed that the agreement governing the controversial long-term lease of Hambantota port to a Chinese company will be renegotiated to ensure the best possible outcome for the country. Mahinda Samarasinghe told a press briefing in Colombo that the government would obtain the best terms possible from the deal, but stressed that the equity swap arrangement with China Merchants Ports Holdings (CM Port) was necessary to ease Sri Lanka's debt servicing and strengthen its foreign reserves.