China to develop Sri Lanka deep sea port and airport.
China to develop Sri Lanka deep sea port and airport.
Current Affairs Daily Articles & Editorials
La Excellence IAS Academy | March 28, 2024 | International Relations
| Syllabus: GS-II; Subject: International Relations; Topic: India and its neighborhood, Issue: China –Sri Lanka Relations. |
Context: China has pledged to develop Sri Lanka’s strategic deep-sea port and airport.
Key Highlights:
- China, being Sri Lanka’s biggest bilateral creditor, will assist in restructuring Sri Lanka’s external debt.
- China has offered to assist in developing Colombo International Airport and Hambantota port.
- The Hambantota port was leased to a Chinese state-owned company in 2017 for 99 years.
Prelims Connect (Places in news)
| Hambantota port:
· It is located right in middle of vital energy supply lines in Indian Ocean, connecting Middle East and East Asia. · Situated on the southern coast of Sri Lanka. · Constructed as part of China’s Belt and Road Initiative (BRI).
|
Source: The Hindu
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