Sri Lanka and China to sign deal to lease Hambantota Port on Saturday

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Sri Lanka will sign a deal with China on Saturday to lease the southern Hambantota port, Prime Minister Ranil Wickremesinghe said.

Sri Lanka's cabinet earlier this week cleared a revised agreement for the Chinese-built port after terms of the first pact sparked widespread public anger in the island nation.

"We will sign the Hambantota agreement tomorrow...We are giving the country a better deal without debt," Wickremesinghe told reporters on Friday.

(REUTERS)

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