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Message: <blockquote data-quote="monson" data-source="post: 22006090" data-attributes="member: 30005">Ow eka haduweth CM Port eken. (Build Operate and Transfer Agreement).Oya dan karanna yana eka aluth deyak nemei. Gewanna bari tharam loku loan ekak aran Hambanthota port eka patan gannakota plan eka thibila thiyenne CMPort+China Habour ekathuwela port eka run karala wateta industrial park ekak daanna. Me news eka balanna. MR ge kaale ekak.China gets controlling stake at Hambantota portBy Namini WijedasaNews that Sri Lanka had granted Chinese state-owned companies operating rights to four berths at the Hambantota Port once they are completed next year has caught the shipping industry unawares.There had been no tenders or prior announcements. But Sri Lanka Ports Authority Chairman Priyath B Wickrama says the Government had agreed to such an arrangement with the Hambantota Port’s Chinese lenders as far back as 2010.“We had an understanding with them when we took the loan,” he said in an interview with the Sunday Times. The loan agreement was signed with the Treasury.He also revealed that, in exchange for these operating rights, the Chinese have consented to ease loan conditions. “That loan was a huge loan,” he said. “The Chinese Government (has) agreed to relax the loan conditions as well. So the terms of our Phase I loan and Phase II loan are being rearranged. Those negotiations are now ongoing with the Treasury.”The ‘Agreement on Key Terms for Supply, Operate and Transfer (SOT) of Container Terminal Hambantota Port Development Project Phase II’ was entered into on September 16 in the presence of President Mahinda Rajapaksa and his Chinese counterpart Xi Jinping. Dr Wickrama signed on behalf of Sri Lanka.Signing for China were representatives of China Merchants Holdings International (CMHI) and China Communication Construction Company Ltd. (CCCC). The former already operates the new Colombo South Container Terminal which, at 18 metres, has the deepest berth anywhere in the country. The latter is building the 233-hectare artificial island known as Colombo Port City.The partners in the Hambantota SOT will be CMHI and China Harbour Engineering Company Ltd, an engineering contractor and subsidiary of CCCC. China Harbour did Hambantota Phase I and is now completing Phase II.The Chinese have offered to bring business to the industries zone. Asked if they made a firm commitment, Dr. Wickrama replied: “They have agreed to bring industries. The Chinese government has also agreed to support us to bring investments. That will come within five years.”- <a href="http://www.sundaytimes.lk/141019/news/china-gets-controlling-stake-at-hambantota-port-123262.html" target="_blank">http://www.sundaytimes.lk/141019/news/china-gets-controlling-stake-at-hambantota-port-123262.html</a>MR ge kaale agreement gahuwa CMHI company ekama thamai dan CMPort kiyala nama wenas karala thiyenne. - <a href="http://www.seatrade-maritime.com/news/asia/china-merchants-holdings-international-to-change-name-to-reflect-focus-on-port-business.html" target="_blank">http://www.seatrade-maritime.com/news/asia/china-merchants-holdings-international-to-change-name-to-reflect-focus-on-port-business.html</a></blockquote>

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