The Government today said it has received the second installment as part of the deal on the Hambantota Port<\/p>\n
The Sri Lanka Ports Authority said it received 97.365 million US dollars from China Merchant Port Holdings as part of the second installment.<\/p>\n
Last month the Government received US $ 292.1 million as the first payment for the port agreement.<\/p>\n
Subsequent to the agreement signed between the Sri Lanka Ports Authority and China Merchant Port Holdings Co. Ltd., US $ 292.1 million had been credited to the US Dollar account of the Government of Sri Lanka maintained at the Central Bank of Sri Lanka as the initial payment for the lease.<\/p>\n
The in Hambantota was formally handed over to a China-Sri Lanka joint venture company on December 9.<\/p>\n
Following the signing of an agreement, the port operations was handed over to Hambantota International Port Group (HIPG) and Hambantota International Port Services (HIPS).<\/p>\n
As per the agreement, after one month from the effective date 10% of investment value should be paid, 30% of value should be paid after 03 months and the remaining 60% of value should be paid within 06 months.<\/p>\n
China Merchants Port Holdings Company Ltd. (CMPort) owns 85% and Sri Lanka Ports Authority (SLPA) owns 15% of the stake in Hambantota International Port Group Ltd. (HIPG), which will undertake the project identified to restructure the Hambantota Port development and transform it to be a commercially-viable national asset in collaboration with the SLPA with an envisaged investment of $794 million.<\/p>\n
Hambantota International Port Services Ltd. (HIPS), which will own common user facilities, will be 58% owned by HIPG, and 42% by the SLPA.<\/p>\n
Under the 99-year lease agreement, CMPort will agree to invest an amount of up to US$ 1.12 billion into Hambantota Port and Hambantota port and marine-related activities.<\/p>\n
Courtesy: Colombo Gazette<\/p>\n","protected":false},"excerpt":{"rendered":"
The Government today said it has received the second installment as part of the…<\/p>\n","protected":false},"author":3,"featured_media":2330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-2329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-srilankan-news"],"_links":{"self":[{"href":"https:\/\/globaltamilnews.net\/english\/wp-json\/wp\/v2\/posts\/2329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globaltamilnews.net\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globaltamilnews.net\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globaltamilnews.net\/english\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/globaltamilnews.net\/english\/wp-json\/wp\/v2\/comments?post=2329"}],"version-history":[{"count":0,"href":"https:\/\/globaltamilnews.net\/english\/wp-json\/wp\/v2\/posts\/2329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globaltamilnews.net\/english\/wp-json\/wp\/v2\/media\/2330"}],"wp:attachment":[{"href":"https:\/\/globaltamilnews.net\/english\/wp-json\/wp\/v2\/media?parent=2329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globaltamilnews.net\/english\/wp-json\/wp\/v2\/categories?post=2329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globaltamilnews.net\/english\/wp-json\/wp\/v2\/tags?post=2329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}