Hambantota port lease (2017)
Sri Lanka built Hambantota port on its south coast with Chinese loans it could not repay. In July 2017 it sold 85% of the port to China Merchants Port Holdings for $1.12 billion under a 99-year lease.
Sri Lanka reduced its debt burden and kept the port operating under Chinese management.
The lease became the most cited example of sovereignty concerns over foreign port investment in South Asia and remains a domestic political issue in Sri Lanka.
Laldia's protesters warn of a similar loss of control over strategic port assets. The key difference: Bangladesh keeps the land, and the concession is finite — 30 years, extendable to 45.
