Rajapaksa says may nationalise int'l JVs set up by Lankan govt if voted back to power

The Lankan government is also in talks with the Airport Authority of India (AAI) to set up a joint venture for managing the Mattala international airport, which is named after Rajapaksa and dubbed as the world’s emptiest airport.

Former Sri Lankan president Mahinda Rajapaksa has said that if voted back to power, his government might nationalize the international joint ventures set up by his successor Maithripala Sirisena.

The Sirisena-led government, which had ousted Rajapaksa in the 2015 presidential elections in the island nation, has entered into joint venture agreements with Chinese firms to built a seaport and an industrial park around it in Hambantota district.

The Lankan government is also in talks with the Airport Authority of India (AAI) to set up a joint venture for managing the Mattala international airport, which is named after Rajapaksa and dubbed as the world's emptiest airport.

The Opposition has opposed both the deals, terming them as a sell-out of national assets to foreigners.

However, the government stressed that the joint ventures are on long-term lease arrangement and not an outright sale.

Addressing a protest rally here yesterday, Rajapaksa warned the foreign partners, "Please do not buy anything (state ventures) sold by this government. I will have to reconsider them when I return to power."

He was referring to Lanka's debt-equity share ventures with China to run the southern port of Hambantota.

Rajapaksa's Sri Lanka People's Party (SLPP) had made remarkable political gains in the February local election, winning more than two-thirds of the councils. Since then he has been demanding a snap parliamentary poll, which he says his party will surely win.

The parliamentary polls in Lanka are due in 2020.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)