India proposed to operate a Sri Lankan airport near the Hambantota seaport

Posted on:14 Oct 2017 12:46:55
India proposed to operate a Sri Lankan airport near the Hambantota seaport
14 October 2017 Current Affairs: India plans to operate a Sri Lankan airport on the southern tip of the island, where China has invested heavily as part of its Belt and Road initiative.

China runs the seaport with a 99-year lease and was planning to expand its footprint in the area with the refinery, which would be Sri Lanka`s largest, and an investment zone of about 6,000 hectares (15,000 acres).

India has offered to set up a joint venture with Sri Lanka to manage and expand facilities at the loss-making Mattala airport, which sits adjacent to the Hambantota seaport.

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