Signing of Hambantota Port Agreement Pave Way For China’s Naval & Air Force Base in SL

Indian Former Navy Commander  Vice Admiral Arun Kumar Singh has  in an article under the caption ‘’China’s Cheque Book Strategy ’’  published in Decan Chronical daily stated , that  Srilanka signing of Hambantota Port Agreement with China would pave way  for China to establish their Naval and Air force base in Srilanka. He further stated,  that Srilanka is the  first  country , which learnt a lesson from’’ China’s Cheque Book Strategy’’  . During previous Mahinda’s era to construct railway lines, establish a new  container yard,  construction of high ways joining Galle and Colombo, establishment of Mattala Airport in Hambantota  China’s engagement was permitted.  Today,  Hambantota Port  and Mattala Airport  have not been  gainfully utilized and  become a financial burden to SL Government.  China has invested 9 Billion dollars in Srilanka .  Srilanka was unable to repay loan of 1.1 billion dollars.

Under these circumstances , in order to obtain some relief Srilanka has proposed to enter into an  agreement with a Chinese Company to grant 60% to 80% management  for 50 to 99 years lease.

If this agreement is  signed,  it would  pave way for China to establish it’s Naval base in Hambantota Port and Air Force base in  Mattala Airport.  Then it will become a reality.