| 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).
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