An important infrastructure project was a new port, which was largely financed by China as part of the One Belt, One Road strategy. The enormous investment in the deep-water port has not yet paid off for Sri Lanka - it has not yet come close to meeting the economic expectations placed on it, and its operations have remained highly loss-making. After Sri Lanka ran into financial problems and incurred six billion US dollars in debt from Chinese infrastructure investments, 70 percent of the shares in the port and a nearby industrial area were leased for 99 years from the Chinese state-owned company China Merchants Port Holdings on July 29, 2017.

Source: de.wikipedia.org/wiki/Hambantota

Translated by Google •

In the know? Log-in to add a tip for other adventurers!

Details

Informations

Elevation 10 m

Weather

Today

Friday 10 October

31°C

25°C

17 %

If you start your activity now...

Max wind speed: 21.0 km/h

See hikes here

Take Me There

Location: Sri Lanka

Hambantota Port

Other Popular Places to Check Out

We value your privacy ⛰️

We value your privacy ⛰️