Sri Lanka PM says to sign China port deal on Saturday

Reuters News
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Posted: Jul 28, 2017 5:15 AM

COLOMBO (Reuters) - Sri Lanka will sign a deal with China on Saturday to lease the southern Hambantota port, Prime Minister Ranil Wickremesinghe said.

Sri Lanka's cabinet earlier this week cleared a revised agreement for the Chinese-built port after terms of the first pact sparked widespread public anger in the island nation.

"We will sign the Hambantota agreement tomorrow...We are giving the country a better deal without debt," Wickremesinghe told reporters on Friday.

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(Reporting by Ranga Sirilal; Writing by Shihar Aneez; Editing by Sanjeev Miglani)