ECT to be fully owned by SLPA dailynews.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailynews.lk Daily Mail and Mail on Sunday newspapers.
By Shamindra Ferdinando National Freedom Front (NFF) leader Wimal Weerawansa, MP, yesterday (2) said that the party that controlled the East Container Terminal (ECT) would be in a position to take over the neighbouring South Asia Gateway Terminal (SAGT) in a couple of years in terms of an agreement between the government and Sri Lanka’s […]
Posted on February 2nd, 2021
In a flurry of meetings a day after Sri Lanka backed out of an agreement with India and Japan, to develop the East Container Terminal (ECT) at the Colombo Port, Indian High Commissioner Gopal Baglay met President Gotabaya Rajapaksa, Prime Minister Mahinda Rajapaksa and Foreign Minister Dinesh Gunawardena on Tuesday, official sources told
The Hindu.
Colombo’s sudden decision to pull out of agreement sparks concern
The thrust of the Indian envoy’s message to the Sri Lankan leadership, sources said, was that Colombo must adhere to its commitments in the tripartite agreement of May 2019, to jointly develop the strategic terminal with the Sri Lanka Ports Authority (SLPA) holding 51 % stakes, and India and Japan, holding 49 % together. The Adani Group from India, along with Japanese companies, was to invest in the project expected to cost upto $700 million, as per official estimates.
Japan regrets Sri Lanka s scrapping of port terminal deal sfgate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfgate.com Daily Mail and Mail on Sunday newspapers.
India tells Lanka to honour Colombo port deal, takes up killing of Tamil fishermen
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Synopsis
“We have taken it (deaths of four fishermen from Tamil Nadu in the island nation) up in strongest terms with the Sri Lankan government and this particular incident I think was particularly unacceptable and that has been made very very clear to them,” external affairs minister S Jaishankar said in the Rajya Sabha.
Agencies
The Sri Lankan cabinet had on Monday decided to develop the strategic terminal on its own, reneging on a 2019 trilateral agreement amid continuous pressure from port workers not to award the terminal to India and to stay away from geopolitics.