The expensive Chinese controlled greenfields port of Hambantota is now touting its availability as a warm lay-up hub.
Hambantota International Port Group (HIPG) is a joint venture of China Merchants Port Holdings and the Sri Lanka Ports Authority (SLPA), in which the Chinese state-controlled company holds an 85% share under a 99-year lease, with an investment reported at $974m.
The Hambantota International Port, which it operates on Sri Lanka's southern coast has been advertised as a key link in China's massive Belt and Road Initiative (BRI) of global transportation infrastructure investment projects.
