INQUIRER.net: Sri Lanka eyes South Asian hub with Chinese mega port

INQUIRER.net Philippine News for Filipinos

Sri Lanka eyes South Asian hub with Chinese mega port Aug 4th 2013, 03:54 COLOMBO—1A $500 million Chinese-built port opens Monday in Sri Lanka, giving Beijing a vital foothold on the world's busiest international shipping lane as it seeks to secure maritime supply routes.   The massive terminal in Colombo is located mid-way on the lucrative east-west sea route and has facilities on a par with Singapore and Dubai.   The Colombo International Container Terminal (CICT), which is 85 percent owned by the state-run China Merchant Holdings International, is designed to handle mega ships -- a first for Sri Lanka which is aiming to become the region's shipping hub.   The involvement of such a large Chinese company appears to confo... Keep on reading: Sri Lanka eyes South Asian hub with Chinese mega port Media files: sri-lanka.jpg (image/jpeg)

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