The proposed amended agreement to lease the Hambantota Port to the Chinese Merchant Company will be taken up for debate in Parliament today at 10.30 a.m.
Ports and Shipping Minister Mahinda Samarasinghe said on July 25 at a press briefing held in Colombo that the agreement with the Chinese Merchant Company is due to be signed tomorrow.
The Minister said under the new agreement administrative and commercial operations will be handled by two separate Sri Lankan companies, with 50.7% equity of the administrative operations bestowed to the Sri Lankan Company and 85% commercial operations bestowed to the Chinese company.