header logo
SLIC
Latest
Hambantota port’s security not in foreign hands – Ranil
Apr 07, 201901:34 PM
Hambantota port’s security not in foreign hands – Ranil
Mobitel inner 1278

Sri Lankan Prime Minister Ranil Wickremesinghe said on Saturday that the security and operations of the strategic Hambantota port are managed by his country and not by other nations.

 

“Many people consider that the Hambantota port is a Chinese military base. I accept that there will be an army camp. But it is a Sri Lanka Navy camp. Once installed, a Sri Lankan Rear Admiral will be in control. Any ship from any country can come there. But we control the operations,” Colombo Page quoted Wickremesinghe as saying during the third meeting of the Asia-Europe Political Forum (AEPF).

 

The Sri Lankan premier maintained that Colombo has friendly and cordial ties with all countries and is aware of current international trends.

 

“India is our partner from our history. We joined Japan at the San Francisco Conference. Despite the opposition from the United States, Sri Lanka recognized the People’s Republic of China and first signed a trade agreement. We will maintain this situation. We do not get caught up in someone’s competition,” Wickremesinghe said.

 

In December 2017, Sri Lanka had leased Hambantota port to the state-run China Merchant Ports Holdings Ltd for a period of 99 years, a move that caused concern in neighboring India.

 

As part of the agreement, the China Merchants Port Holdings Company and the Sri Lanka Ports Authority jointly own the port and the investment zone around it, according to officials.

 

The Chinese firm has a 70 percent stake in the joint venture while the state-run Sri Lanka Ports Authority is holding the remaining 30 percent stake.

 

Meanwhile, a Chinese firm will soon set up a cement plant in Hambantota where China already controls the strategic port, in an indication of Beijing’s increasing footprint in the island nation.

 

Sri Lanka’s Deputy Minister of Development Strategies and International Trade, Nalin Bandara, had said in January this year that the Chinese firm would set up its plant in the Hambantota Export Processing Zone.

 

Bandara had also said this is the first time a Chinese cement company is entering the local market directly.

 

-Agencies

 

 

 

MostRead
Mobitel 1278
VideoStories
 Sri Lanka approves US$1 million aid package for flood-hit Nepal

Sri Lanka approves US$1 million aid package for flood-hit Nepal

International drug trafficking network probed after 472kg of ‘Ice’ seized from Colombo Port

International drug trafficking network probed after 472kg of ‘Ice’ seized from Colombo Port

 Ex-Minister Piyankara Jayaratne convicted; Sentenced to seven years of rigorous imprisonment

Ex-Minister Piyankara Jayaratne convicted; Sentenced to seven years of rigorous imprisonment

‘Welle Saranga’ arrested in Dubai; Multiple drug trafficking and murder claims surface

‘Welle Saranga’ arrested in Dubai; Multiple drug trafficking and murder claims surface

“Public trust key to a strong police service” Another 10,000 new officers to be recruited

“Public trust key to a strong police service” Another 10,000 new officers to be recruited

“Loudspeaker misuse causing public inconvenience” Police to take stern action against offenders

“Loudspeaker misuse causing public inconvenience” Police to take stern action against offenders

"Govt. will not back down" Extension of judges’ retirement age a key reform,Justice Minister insists

"Govt. will not back down" Extension of judges’ retirement age a key reform,Justice Minister insists

Wheat flour price hiked by Rs. 17;  Parata, egg roti prices to rise by Rs. 5

Wheat flour price hiked by Rs. 17; Parata, egg roti prices to rise by Rs. 5

Trump says US is taking partial control of  Venezuela's vast oil reserves

Trump says US is taking partial control of Venezuela's vast oil reserves

Sevanagala sugar factory halts production,  staff granted leave

Sevanagala sugar factory halts production, staff granted leave

Narcotics crisis persists as majority of remand prisoners  face drug-related charges

Narcotics crisis persists as majority of remand prisoners face drug-related charges

Sri Lanka extends USD 1 million  humanitarian assistance to flood-hit Nepal

Sri Lanka extends USD 1 million humanitarian assistance to flood-hit Nepal

President says no more debate on banning Perahera as Kandy Esala Perahera concludes successfully

President says no more debate on banning Perahera as Kandy Esala Perahera concludes successfully

Sri Lanka’s agriculture sector faces  growing impact from prolonged dry spell

Sri Lanka’s agriculture sector faces growing impact from prolonged dry spell

Colombo Port enters global top 20  after strong container volume growth

Colombo Port enters global top 20 after strong container volume growth

Lassana Flora