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China for the rescue again :H’tota port and airport PPPs to fetch over $1b: PM

H’tota port and airport PPPs to fetch over $1b: PM :::DailyFT - Be Empowered: “Certainly, the port is going to be over a billion (dollars) and the airport will be another hundreds of millions. We have asked for upfront payment,” Wickremesinghe said, addressing the opening session of the Institution of Engineers.�

“That is all money coming to our reserves at a time when the global economy is weak” he added. According to the Prime Minister’s office these two transactions are expected to constitute non-debt creating FDI inflows which would increase unencumbered official reserves significantly.

Sri Lanka faced an impending balance of payment crisis last year and early this year but negotiated an Extended Fund Facility (EFF) of $1.5 billion with the International Monetary Fund (IMF) to stabilise the economy. In August 2016 the country’s official reserves increased to $124.7 million to stand at $6.6 billion, up from $6.5 billion at the end of July.�
China for the rescue again :H’tota port and airport PPPs to fetch over $1b: PM SocialTwist Tell-a-Friend

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