Category: Uncategorized

China Merchants Port cements its position at Sri Lanka

Chinese port operator China Merchants Port Holdings (CMPort) has announced the acquisition of an 85% stake in Hambantota Port at Sri Lanka for USD 974 mln. The Concession Agreement to develop, manage and operate the port has been reached between the company, the government of Sri Lanka, Sri Lanka Ports Authority (SLPA), Hambantota International Port […]