80% stake of Hambantota Port to China

Thursday, 20 October 2016 - 12:16

Finance Minister Ravi Karunanayake says that the government is ready to transfer 80% ownership of the Hambantota Port to China as the country cannot repay the huge debt that was borrowed for the construction of the port.

The Finance Minister stated this during a media conference held at the UNP headquarters this morning.

The media briefing was held few hours before the Appropriation Bill was presented in parliament.