India’s influence on key Sri Lankan infrastructure extends beyond power projects. Adani Group secured a $700 million port ...
Sri Lanka, a country of 22 million, sits off the southern coast of India on the Indian Ocean shipping lanes through which China receives the vast majority of its imported oil from the Middle East.
Sri Lanka plans to transfer management of its Chinese-built Mattala Rajapaksa International Airport to Indian and Russian companies to mitigate losses. The airport, funded by China EXIM Bank, has ...
The Sri Lankan cabinet announced the transfer of management of the Chinese-built Mattala International Airport to India's Shaurya Aeronautics (Pvt) Ltd. and the Airports of Regions Management ...
The move to transfer management comes amidst Sri Lanka's financial turmoil, marked by a default on foreign debt in May 2022, following a depletion of foreign exchange reserves. The resulting ...
COLOMBO, April 26 (Reuters) - Sri Lanka will hand over management of its $209 million Chinese-built airport to two Indian and Russian companies, a cabinet statement said on Friday, as the island ...
NEW DELHI: Sri Lanka will transfer the management of its $209 million Chinese-built airport to two Indian and Russian companies, as stated by a cabinet statement on Friday, in an effort to ...
Mattala Rajapaksa International Airport: The move also draws attention to Sri Lanka's handing over of the Hambantota Port to a Chinese state-owned company in 2017 on a 99-year lease as it struggled to ...
Sri Lanka will hand over management of its $209 million Chinese-built airport to two Indian and Russian companies, a cabinet statement said on Friday, as the island nation attempts to reduce losses ...
China, a maritime power in the South China Sea and the Indian Ocean in the 14th century, has now undertaken a substantial expansion of its maritime infrastructure and naval fleet, poised to rival the ...
An Indian firm has been jointly entrusted the management responsibilities of Sri Lanka’s Mattala Rajapaksa International Airport along with another Russian company. Sri Lanka’s Cabinet of Ministers ...