Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය

Latest topics

» coco.x share
by lakmal87 Yesterday at 10:45 pm

» නොමිළේම ඩොලර් (free $ 5 ) tokens
by cseguide Yesterday at 7:58 pm

» For Miss Sangeetha
by Neluka Karannagoda Yesterday at 12:59 pm

» S&P upgrades DFCC Bank’s rating outlook from Negative to Stable
by TraderCSE Yesterday at 9:23 am

» CFVF will HIT. 40 BY Next. Thursday
by Yahapalanaya Thu Dec 14, 2017 10:50 pm

» Moody’s affirms ratings of three Sri Lankan banks; maintains negative outlook
by Miss-Sangeetha Thu Dec 14, 2017 8:39 pm

» Tea prices up and up.Plantation shares down and down!
by fortuneteller Thu Dec 14, 2017 3:04 pm

» best stocks to buy now
by Ryan Hudson Wed Dec 13, 2017 9:23 pm

» Current situation of the Adam group of companies
by anges Wed Dec 13, 2017 5:36 pm

» Avoid investing in Abans Group company shares
by fortuneteller Wed Dec 13, 2017 9:11 am

» People's Leasing Company
by prasa2004 Tue Dec 12, 2017 6:51 pm

» SDB - AN IMPRESSIVE PERFORMANCE
by prasa2004 Tue Dec 12, 2017 5:43 pm

» Beware of banking stocks
by prasa2004 Tue Dec 12, 2017 5:40 pm

» CEYLON COLD STORES PLC(CCS.N0000)
by Agape Tue Dec 12, 2017 2:49 pm

» Lanka Cement
by sureshot Tue Dec 12, 2017 11:09 am

» Roshan Egodage's Money Grabbing
by Investor1994 Mon Dec 11, 2017 7:10 pm

» CIFL ANY NEWS
by Gambino7 Mon Dec 11, 2017 12:13 pm

» CFT share එක මොනව හරි දෙයක් වෙනව වාගෙ.
by sameboy Sun Dec 10, 2017 6:43 pm

» BFN .. ORIENT FINANCE PLC
by Teller Fri Dec 08, 2017 10:52 pm

» Sri Lanka Exports up 12.9-pct in Sept
by Teller Fri Dec 08, 2017 10:38 am

» DECEMBER DISCOUNT
by Teller Fri Dec 08, 2017 10:30 am

» LLMP - New Strategic Marketing >>> Boooom
by Teller Fri Dec 08, 2017 10:27 am

» Why LLUB.N0000 going down ?
by Teller Fri Dec 08, 2017 10:20 am

» LDEV rights
by Teller Fri Dec 08, 2017 10:16 am

» SAMP Rights Issue
by niru Thu Dec 07, 2017 8:04 pm

HashFlare

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Samarasinghe to lead Hambantota Port PPP negotiations -

Samarasinghe to lead Hambantota Port PPP negotiations -

View previous topic View next topic Go down  Message [Page 1 of 1]

kcrRanz


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Samarasinghe to lead Hambantota Port PPP negotiations  - See more at: http://www.ft.lk/article/618955/Samarasinghe-to-lead-Hambantota-Port-PPP-negotiations%C2%A0#sthash.sSsjF4oq.dpuf



  • First meeting on Friday 
  • Discussions to focus on conditions in draft agreement conflicting with Port Act 
  • China Harbour Company goes to international arbitration over non-payment of loan for Sooriyawewa Cricket Stadium


 Newly-appointed Ports and Shipping Minister Mahinda Samarasinghe yesterday said negotiations for a Public Private Partnership to salvage the debt-ridden Hambantota Port will resume this week under his leadership. 

“I will take control of negotiations. It’s under my subject, I will not allow anyone else to discuss the deal,” he said speaking to media yesterday.

According to the Minister, progress on the negotiations stalled as too many individuals were involved in the process. 

“Too many cooks spoilt the soup,” he said.  Prior to the Cabinet reshuffle, Development Strategies Minister Malik Samarawickrama and Special Assignments Minister Sarath Amunugama led the negotiations, prompting former Port Minister Arjuna Ranatunga to speak out about being sidelined in negotiations. 

The Minister however said he discussed the current status with the two ministers who were involved in the process from the beginning, explaining the concerns over the legality of the agreement.

The first meeting with Chinese counterpart China Merchant will happen on Friday, he said. 

During the meeting, the Minister is set to discuss conflicts that have arisen regarding the Sri Lanka Ports Act and the conditions laid down by the Chinese company which is to control 80% of the port’s operations. 

“The agreement has to be in line with the law of Sri Lanka. So the role of harbour masters has to stay with the Government, so should any customs-related activity,” Samarasinghe said. 

He insisted that a PPP is imperative as the Government cannot afford the mounting interest and loan payments. Further, he said the Government was now slapped with an international arbitration case by the China Harbour Company for failure to repay the loan and interest taken to build the Sooriyawewa Cricket Stadium in Hambantota. 

“We have handed the stadium to the Cricket Board but they don’t want it either. They have paid two instalments of the loan interest but the rest has not been paid. Now we have to manage this as well,” Samarasinghe said. 
 





Share This Article


- See more at: http://www.ft.lk/article/618955/Samarasinghe-to-lead-Hambantota-Port-PPP-negotiations%C2%A0#sthash.sSsjF4oq.dpuf

skyfall


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Spirits wewa cricket stadium. Another white elephant produced by the king.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Hon Mr Samarasingha will do a good job

Even skills Development  Ministry he did well

One of Best ministers of present govt

View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum