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China pulls out of port project in Sri Lanka

Original · Hellenic Shipping News Worldwide · Shipping · 2h ago
A Chinese state-owned firm has withdrawn from a $392 million joint venture to develop a major logistics hub at Sri Lanka's main seaport, the key local partner said on Monday. The Sri Lanka Ports Authority (SLPA) said China Merchants Port Holdings had decided not to proceed with the collaboration announced in 2023, but the project ...
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