A general view of the Colombo Port City construction site in Sri Lanka. | Reuters/Dinuka Liyanawatte
Sri Lanka on Tuesday offered India and Japan to develop a strategic deep-sea port in the island country,
The Colombo Times reported. This came a month after the Mahindra Rajapaksa government abruptly pulled out of a 2019 tripartite agreement to jointly develop the East Container Terminal.
Addressing the media on the decisions taken at a Cabinet meeting, government spokesperson Keheliya Rambukwella said approval had been granted to develop the West Container Terminal at the Colombo Port with investors nominated by India and Japan. “The discussions to develop the WCT will be only with India and Japan,” said Rambukwella, according to AFP.
Sri Lanka approves new port development with India and Japan startribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from startribune.com Daily Mail and Mail on Sunday newspapers.
Sri Lanka Clears Adani Venture to Develop Colombo Port Terminal, Says India Approved Firm
Lankan government decision is also seen as tied to concerns about ensuring Indian support on war crimes resolution at the UN Human Rights Council.
A section of the Colombo port. Photo: www.slpa.lk
New Delhi: A month after India and Japan were banished from developing Colombo portâs strategic east container terminal, Sri Lanka on Tuesday approved a joint venture with the Adani group to build and operate Colombo Portâs West Container Terminal (WCT) for 35 years.
The Sri Lankan cabinet announced that it had approved a proposal made by Adani Ports and Special Economic Zone Limited to develop the WCT as a public-private partnership project with the Sri Lanka Ports Authority.Â
India, Japan back in another Sri Lanka port project | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
India, Japan back in another Sri Lanka port project
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Private investors to develop West Container Terminal at Colombo Port
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Private investors to develop West Container Terminal at Colombo Port
Sri Lanka on Tuesday said it will develop the West Container Terminal (WCT) at the Colombo Port along with India and Japan. The decision comes a month after the Rajapaksa government ejected the two partners from a 2019 tripartite agreement to jointly develop the East Container Terminal (ECT), citing resistance to “foreign involvement”.
Addressing the media on decisions taken at Monday’s Cabinet meeting, spokesperson Keheliya Rambukwella said approval had been granted to develop the WCT with investors nominated by India and Japan. While the High Commission of India had “approved” Adani Ports, which was to invest in the ECT project earlier, Japan is yet to name an investor, according to officially published Cabinet decisions.