Image
Former SL President Rajapaksa says 99-year land lease impinges on country's sovereign rights
Colombo, Jan 11 (IBNS): Sri Lanka's former President Mahinda Rajapaksa clarified his stand on the current government leasing land to a Chinese company in the country's Hambantota Port area to build a Special Economic Zone (SEZ), the media reported on Wednesday.
The port in Hambantota was built with a Chinese loan of US$ 1.4 billion during the former President's tenure and named The Magampura Mahinda Rajapaksa Port. The first phase was opened in November 2010.
The current Sri Lankan government has inked a deal with a Chinese company to transfer 80 percent stake of the port to them.
In a media release, Rajapaksa said, "The new government made some unwise decisions. Firstly, they disregard the management contract for the Hambantota container terminal entered into by my government with China Harbour Co and China Merchant Co."
He also said, "A 99 year lease impinges on Sri Lanka's sovereign rights because a foreign company will enjoy the rights of the landlord over the 2,000 hectare free port while operating the entire harbour as well."
According to media reports, Prime Minister Ranil Wickremesinghe has said that only 1,235 acres of land will be given from Hambanthota and the rest of the 15,000 acres from other districts in the south such as Moneragala and Matara.
Rajapaksa's supporters had gathered at the site during the inauguration of the SEZ on Sunday to protest. Later, the police had to use water cannons and tear gas to disperse the protesters who claimed they were attacked by the ruling party's supporters, media reported.
Image: Mahinda Rajapaksa Twitter
Top Headlines
-
News
Elon Musk deletes 'vote red' post after Republicans' midterm rout, Grok confirms
November 05, 2026
-
News
Honda City explodes in Gujarat's Vadodara, car parts fly 200 metres; 5 injured
November 05, 2026
-
News
Singur revival? Suvendu Adhikari in talks with Ashok Leyland for investment
November 05, 2026
-
News
We are a secular country: Bombay HC pulls up BMC over Dia Mirza video, asks civic body to restore Diwali campaign
November 03, 2026
-
News
NCB raids 38 locations across Assam, Mizoram and Manipur in 'Operation Trident' against cross-border drug network
October 25, 2026
-
News
VeeCycle Works Signs MoU with AP Govt for Rs 150 Cr Recycling Project in Visakhapatnam
October 12, 2026
-
News
Smit Machchhar: Bleeding on the Cockpit Floor, the Indian Captain Opened the Door That Saved 174 Lives
October 01, 2026
-
News
Sona College of Tech, Salem team wins Mitsubishi contest for factory automation; beats 6 national winners across Asia
September 20, 2026
-
News
After days of silence, China confirms Xi Jinpings India visit for BRICS Summit
September 10, 2026
-
News
ISKCON Juhu in trouble: FDA suspends licences of 3 restaurants over serious hygiene violations
September 09, 2026




