hambantota

If Nepal had looked into alternative financing possibilities, it could have been able to acquire a loan at a cheaper interest rate. The high-interest rates are a major worry for Nepal since they might eventually result in a heavy debt load.

Qi Zhenhong alleged that the decision by the island nation to allow Yuan Wang 5 to berth at the Hambantota port was its sovereign decision.

A top official of the Sri Lanka Atomic Energy Authority informed, “The ship failed to declare its dangerous cargo - uranium hexafluoride and we decided to order it to leave our waters immediately.”

A firm owned by DMK leader S Jagatrakshakan is to carry out the record FDI in Sri Lanka's oil refinery project close to Hambantota port.

The BRI faces several challenges which might affect its viability if they are they are not addressed

With huge debt burden and potential problems it brings, the CPEC might as well become a noose around Pakistan's neck