Hambantota


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Hambantota,

town, Southern prov., Sri Lanka, on the S coast 65 mi (105 km) E of GalleGalle
, city (1995 est. pop. 87,000), capital of Southern prov., extreme S Sri Lanka, on the Indian Ocean. An agricultural market center, it exports tea, rubber, coconut oil, cloves, and other products of the surrounding region. The city has a cement factory as well.
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. The town is located in an area of salt production, which utilizes natural depressions called lewayas. Hambantota suffered significant damage from the Dec., 2004, Indian Ocean tsunami. A new deep seaport, constructed in phases, opened here in 2010; it was a major infrastructure project undertaken as part of a rebuilding effort after the end of the civil war. In 2017 Sri Lanka leased the port for 99 years to a Chinese-government-owned company, in part to help pay down debt owed to Chinese-government-owned companies.
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Furthermore the Koggala EPZ has been declared a bonded area for hub operations benefiting from access to the Southern Expressway and it is only 1 hours away from the Hambantota Sea Port.
Summary: New Delhi [India], Feb 27 (ANI): Sri Lankan army chief Admiral Ravindra Wijegunaratne on Tuesday clarified that the claims about the Hambantota port in southern Sri Lanka being utilised as a foreign military base was false.
Sri Lanka is reaping early harvests from the China-proposed Belt and Road initiative, featured with the launch of operation at Hambantota Port, one of two ports being developed by with Chinese assistance, through a joint venture between the two sides last year.
This month, Sri Lanka, unable to pay the onerous debt to China it has accumulated, formally handed over its strategically located Hambantota port to the Asian giant.
ISLAMABAD -- Sri Lanka last week completed the formal handover of the port of Hambantota to China on a 99-year lease.
The deal, signed in July, will see China Merchants Port Holdings, handling the Chinese-built Hambantota port on a 99-year lease.
Mr Wickremesinghe described the occasion as 'historic', as it will help make the Hambantota Port part of Sri Lanka's grand scheme to make the island nation the maritime hub of the Indian Ocean.
The recently signed agreement between China and Sri Lanka grants the former nearly 70% of ownership in Sri Lanka's second largest Hambantota Port.
1 billion deal for leasing the Hambantota port to a Chinese state-run company.
1 billion deal selling China 70 percent stake in its strategic Hambantota port.
The editor has organized the ten contributions that make up the main body of the text in three parts devoted to what happened and why during the tsunami, case studies focused on the Hambantota region, and lessons learned and future directions in disaster recovery.
The ODIs are slated to begin in Dambulla on July 11, with matches also set to be played in Pallekele, Colombo and Hambantota.