China to develop Sri Lanka deep sea port and airport.

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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