sri lanka

Sri Lanka, China sign long-delayed $1.5 billion port deal

COLOMBO, Sri Lanka/July 29, 2017 (AP)(STL.News) — Sri Lanka’s government on Saturday signed a long-delayed agreement to sell a 70 percent stake in a $1.5 billion port to China in a bid to recover from the heavy burden of repaying a Chinese loan obtained to build the facility. The agreement comes after a nearly six-month … Continue reading Sri Lanka, China sign long-delayed $1.5 billion port deal