China pulls out of Sri Lanka port logistics venture

🌐 Punch Nigeria (LK) —
China pulls out of Sri Lanka port logistics venture

AI Summary

A Chinese state-owned company has withdrawn from a $392 million joint venture to develop a logistics hub at Colombo Port, Sri Lanka. The departure raises questions about the project’s financing and development plans.

A Chinese state-owned firm has withdrawn from a $392 million joint venture to develop a major logistics hub at Sri Lanka’s main seaport, Colombo Port. Read More: https://punchng.com/china-pulls-out-of-sri-lanka-port-logistics-venture/

Markets Deals Shipping Colombo Port Sri Lanka China logistics hub joint venture project withdrawal

Read original source →