Sri Lanka has recently handed over its southern strategic port Hambant

Sri Lanka has recently handed over its southern strategic port Hambantota on a 99-year lease to which one of the following countries ?

[amp_mcq option1=”India” option2=”China” option3=”Pakistan” option4=”USA” correct=”option2″]

This question was previously asked in

UPSC CISF-AC-EXE – 2018

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Sri Lanka handed over its southern strategic port of Hambantota on a 99-year lease to China.

– The deal was finalized in 2017. Under the agreement, a Chinese state-owned company, China Merchants Port Holdings, took an 85% stake in the port.
– The lease was for a period of 99 years.
– The deal also included handing over 15,000 acres of land around the port for an investment zone.

The deal sparked considerable debate and concern internationally, particularly regarding debt diplomacy and China’s growing strategic influence in the Indian Ocean region. The port is considered strategically important due to its location along key shipping routes.

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