The Port was handed over to the Chinese company on 9th December, where Prime Minister Ranil Wickremesinghe was given a cheque of USD 292,097, 400 million as an advance payment.
The Government in November decided to amend the clauses of the Hambantota Framework Agreement between CMPort, Sri Lanka Ports Authority (SLPA), Government of Sri Lanka, CMPort, Hambantota International Port Group (Pvt) Ltd, and Hambantota International Port Services Company (Pvt) Ltd to fast track the scheduled payments from the deal.
The new agreement stated that “30 percent would be paid on the date of signing, 10 percent after a month since signing and to pay the remaining 60 percent within six months of signing”.
The Government signed the Framework Agreement with CMPort for USD 1.12 billion.
