Oct 30, Colombo: Sri Lanka government and Exim Bank of China entered into an agreement today pertaining to the construction of Hambanthota harbor.

The agreement was signed under the patronage of the President Mahinda Rajapaksa.

China has agreed to fund 85% of the Rs. 360 million port development project. Exim Bank of China provides a Buyer’s Facility amounting to US $ 307 million with an interest rate of 0.90 per cent.