Sri Lanka Saturday handed over a deep-sea port to a Chinese firm, in a deal agreed to boost the cash-strapped island''s finances that has raised concerns at home and abroad over Beijing''s growing influence. The $1.12 billion deal first announced in July lets a Chinese state company take over the southern port of Hambantota, which straddles the world''s busiest east-west shipping route, on a 99-year lease. "With the signing of the agreement today the Treasury has received $300 million," Prime Minister Ranil Wickremesinghe said at a ceremony in the capital to mark the handover.
Copyright AFP (Agence France-Presse), 2017
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