Special Economic Zone (SEZ) in Hambantota.
A tense situation erupted in Hambantota, in this morning, when protestors gathered outside the complex at which Special Economic Zone (SEZ) with China is to open. This comes on the heels of an injunction order by the Courts preventing protests and demonstrations in the area during the opening of the special industrial zone.
The Chinese government helped foot the $1.3 billion bill for construction of the redeveloped port in southern Sri Lanka. An industrial zone near the port hopes to attract Chinese investment.
Critics complain a Chinese colony is being built. Sri Lankan leaders insist Chinese debts need to be repaid and the deal will attract investment and create jobs.
See Also
www.en.wikipedia.org
www.forbes.com
www.chinadaily.com.cn
Prime Minister Ranil Wickremesinghe dated 2017 january 7th together with Chinese Ambassador Yi Xianliang declared open the Special Economic Zone (SEZ) in Hambantota.
A tense situation erupted in Hambantota, in this morning, when protestors gathered outside the complex at which Special Economic Zone (SEZ) with China is to open. This comes on the heels of an injunction order by the Courts preventing protests and demonstrations in the area during the opening of the special industrial zone. |
| Hambantota Port |
It's a deal that the Sri Lankan government hopes will pay off some of its multi-billion dollar debts to China. A controversial agreement has been signed to lease the port of Hambantota to a Chinese state-owned company for the next 99 years.
The Chinese government helped foot the $1.3 billion bill for construction of the redeveloped port in southern Sri Lanka. An industrial zone near the port hopes to attract Chinese investment.
Critics complain a Chinese colony is being built. Sri Lankan leaders insist Chinese debts need to be repaid and the deal will attract investment and create jobs.
See Also
www.en.wikipedia.org
www.forbes.com
www.chinadaily.com.cn
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