Chinese firm to build Sri Lanka port

By Agence France-Presse

May 03, 2023 12:14 am

COLOMBO: A Chinese state-owned firm said on Monday it plans to take its investment in Sri Lanka to $2 billion by building a major logistics hub.

Sri Lanka is looking to kick-start its economic recovery after defaulting on its foreign debt last year when shortages of essentials such as food, fuel and medicines sparked widespread anti-government protests.

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