Archive for ‘Hambantota Port’

20/12/2019

China welcomes Sri Lankan president’s remarks over Hambantota Port

COLOMBO, Dec. 20 (Xinhua) — China highly appreciates the remarks made by Sri Lankan President Gotabaya Rajapaksa over the Hambantota Port agreement, said a statement released by the Chinese Embassy in Colombo on Friday.

China is willing to guide related enterprises to work with the Sri Lankan side to expedite implementing the established agreement and further promote the prosperity and development of Hambantota Port, according to the statement.

China highly respects the sovereignty and territorial integrity of Sri Lanka and the security and control of Hambantota Port was entirely in the hands of the Sri Lankan government and navy, which is no difference from any other port in Sri Lanka, said the statement.

President Rajapaksa, in a meeting with Colombo based foreign correspondents on Thursday said he would not renegotiate the Hambantota Port agreement with China and would look to ensure that the security of the port lied with the Sri Lankan side.

Rajapaksa said he would not renegotiate the commercial agreement of the project as that had already been signed, and he was studying to see if the entire security of the port was under Sri Lanka’s control.

Rajapaksa said if additional clauses are needed to be inserted to reassure the security deal, then the government would go ahead with it.

The president further said that he would not renegotiate the 99-year lease agreement of the port, as this was purely commercial and he did not want to convey a message to investors that commercial agreements would change every time a new government was elected to power.

Source: Xinhua

15/11/2019

China signs 197 B&R cooperation documents with 137 countries, 30 int’l organizations

BEIJING, Nov. 15 (Xinhua) — China has signed 197 Belt and Road (B&R) cooperation documents with 137 countries and 30 international organizations by the end of October, the country’s top economic planner said Friday.

Apart from developing and developed economies, a number of companies and financial institutions from developed countries have collaborated with China to expand the third-party market as well, Meng Wei, a spokesperson for the National Development and Reform Commission (NDRC), told a news conference.

The construction of the China-Laos railway, China-Thailand railway, Jakarta-Bandung High-Speed Railway and Hungary-Serbia railway are making solid headway while projects including the Gwadar Port, Hambantota Port, Piraeus Port and Khalifa Port have gone smoothly, the NDRC said.

Meanwhile, the building of the China-Belarus industrial park, China-UAE Industrial Capacity Cooperation Demonstration Zone and China-Egypt Suez Economic and Trade Cooperation Zone is also forging ahead.

From January to September, China’s trade with B&R countries totaled about 950 billion U.S. dollars, and its non-financial direct investment in these countries topped 10 billion dollars, Meng said.

She noted that China has made bilateral currency swap arrangements with 20 B&R countries and established RMB clearing arrangements with seven countries.

In addition, the country has also made achievements with B&R countries in other sectors including technology exchange, education cooperation, culture and tourism, green development and foreign aid.

Source: Xinhua

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