East Container Terminal development mired in indecision
East Container Terminal development mired in indecision
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Colombo (News 1st); Reports suggest, there is an attempt to release the Colombo Port’s East Container Terminal (ECT) to India’s Adani group.
On the 22nd of October, a cabinet paper reportedly presented by Minister Rohitha Abeygunawardena noted the requirement of an investor for the development of Colombo Port’s East Container Terminal (ECT).
The Cabinet Paper had also noted India’s Adani group had shown interest in the venture and also of their preparedness.
Further, it proposed to appoint a committee to explore the possibility of involving India’s Adani group into the already agreed Memorandum of Understanding between India, Japan, and Sri Lanka for the operations of ECT, during the tenure of the former government.