China’s Colombo Port Project Exit Points to Impracticality of Several BRI Investments: Report

China Pulls Out of $392 Million Sri Lanka Port Project, Signalling New Opportunities for Geopolitical Rivals

China Merchants Port Holdings’, a state-owned firm, has withdrawn from a $392 million logistics hub project at Sri Lanka’s Colombo Port, according to latest confirmations.  Minister Bimal Rathnayake, Leader of the House told the Srilankan Parliament on Oct. 21 that the proposed South Asia Commercial and Logistics Hub was pulled out because some procedures weren’t […]

China’s BRI crisis in South Asia

China Merchants Port Holdings, a state-owned Chinese port operator, withdrew from a proposed US$392 million joint venture to develop a logistics hub in Sri Lanka’s Port of Colombo this month, renewing questions about the viability of China’s Belt and Road Initiative (BRI) in South Asia. The developm

China Pulls Out of Logistics Hub Project at Colombo Port

Given international developments, geopolitical rivalries, and the expertise needed to develop a logistics center, finding a replacement investor will be difficult.

China’s Colombo port project exit points to impracticality of several BRI investments: Report

New Delhi, Oct 30 (SocialNews.XYZ) China’s withdrawal from a proposed logistics hub at Sri Lanka’s Port of Colombo underlines the commercial and domestic political hurdles facing some Belt and Road Initiative (BRI) projects, a new... - Social News XYZ