Amended Hambantota Agreement Submitted to Cabinet

It is reported that amended agreement to hand over the Hambantota Port to Chinese company  will be submitted in today’s  Cabinet meeting. President Maithripala Sirisena has appointed a  cabinet subcommittee to look into all aspects of the agreement.  This committee has called views from all three parties  named,  Senior officials of the Port Authority,  Ministry Secretaries and Minister of Port Affairs Faction.

In addition on behalf of China,   Merchant  Company presented their proposals. Considerable revenue is expected from this  Hambantota Port Development Project  and 150 factories are scheduled to be opened  within the Hambantota Port premises.

In the meantime,  Port employees have notified that they will protest against this Hambantota  Port agreement if it is implemented.