June 25, 2026 01:52 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Kolkata: Taratala warehouse roof collapses | Indian Army's Trishakti Corps restores lifeline connectivity in North Bengal between Siliguri and Mirik | 19 million barrels flow through Strait of Hormuz, Trump declares oil prices are falling | No Hindi, no NEET: Vijay reignites Tamil Nadu's biggest political flashpoints | Messi creates World Cup history with record-breaking double; Mbappe equals Klose's mark hours later | Tech giant Oracle slashes 21,000 jobs while betting big on AI | 'Italy and I never beg': Meloni fires back at Trump over G7 photo claim | No more 'brother': Stalin's formal birthday greeting to Rahul reflects deepening rift | TMC seeks disqualification of 20 rebel MPs, Abhishek says 'membership should go' | Nara Lokesh pitches Andhra Pradesh as investment hub during Kolkata visit, sets $2.4 trillion economy goal

Former SL President Rajapaksa says 99-year land lease impinges on country's sovereign rights

| | Jan 11, 2017, at 06:47 pm
Colombo, Jan 11 (IBNS): Sri Lanka's former President Mahinda Rajapaksa clarified his stand on the current government leasing land to a Chinese company in the country's Hambantota Port area to build a Special Economic Zone (SEZ), the media reported on Wednesday.

The port in Hambantota was built with a Chinese loan of US$ 1.4 billion during the former President's tenure and named The Magampura Mahinda Rajapaksa Port. The first phase was opened in November 2010.

The current Sri Lankan government has inked a deal with a Chinese company to transfer 80 percent stake of the port to them.

In a media release, Rajapaksa said, "The new government made some unwise decisions. Firstly, they disregard the management contract for the Hambantota container terminal entered into by my government with China Harbour Co and China Merchant Co."

He also said, "A 99 year lease impinges on Sri Lanka's sovereign rights because a foreign company will enjoy the rights of the landlord over the 2,000 hectare free port while operating the entire harbour as well."

According to media reports, Prime Minister Ranil Wickremesinghe has said that only 1,235 acres of land will be given from Hambanthota and the rest of the 15,000 acres from other districts in the south such as Moneragala and Matara.

Rajapaksa's supporters had gathered at the site during the inauguration of the SEZ on Sunday to protest. Later, the police had to use water cannons and tear gas to disperse the protesters who claimed they were attacked by the ruling party's supporters, media reported.

Image: Mahinda Rajapaksa Twitter

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.