Tourism Minister Prasanna Ranatunga said that the government is focusing on taking back the Hambantota port which was sold to China by the previous 'Yahapalana' government.
"We have to pay a heavy price as compensation. As such, the government is looking at what could be done in this regard," he said.
Minister Ranatunga expressed these views while attending an event in Minuwangoda held to mark the 4th anniversary of the Sri Lanka Podujana Peramuna.
He also said that he was against the sale of the eastern container terminal of the Colombo Port, adding that it was against their government's policy to sell national resources.
The President said in a statement that he would not allow that. The President, the Prime Minister and this government are not ready to sell national resources. Our policy is to protect national resources, not to sell them.
Therefore, we will not allow the ECT to be sold. But we will bring foreign investments into the country. But that doesn't imply that we will sell the ECT.
The previous administration sold the Hambantota port. We are working on revisiting the agreement to take it back. We will have to pay a heavy price. As such, the government has focused on measures that needs to be taken in this regard.
He made these comments at a function organised by the SLPP's Wattala electorate Youth Front which was held the Wattala Pradeshiya Sabha auditorium yesterday (24).
"The opposition is making unfounded allegations regarding the development of the ECT. The opposition during the 'good governance' government tried to give a 85 percent stake to India. However, President Gotabaya Rajapaksa has clearly stated that the ECT will not be leased out or sold. Only an investment opportunity exists," he said.