• Friday, December 09, 2022

Business

Sri Lanka’s top court dismisses case against Chinese industrial zone deal

Sri Lanka President Maithripala Sirisena.

By: Eastern Eye Staff

Sri Lanka’s Supreme Court on Friday (30) dismissed a case against letting a Chinese company lease land in southern Sri Lanka, a lawyer said, potentially ending a six-month delay in finalising the deal, part of China’s plans for a modern-day “Silk Road” across Asia. The deal is expected to bring Sri Lanka more than $6 billion over five years, which would help Colombo tackle a growing debt crisis. But the deal has drawn strong opposition and led to violent protests by thousands of local people who have their land taken from them for the project. The court threw out the case filed by opposition legislator Vasudeva Nanayakkara against cabinet ministers and others involved in the project including the Chinese company. Nanayakkara said letting the Chinese lease a 15,000-acre…

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