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.
Sri Lanka clears Indian investment at another Colombo Port terminal thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
ANZ has decided to stop lending money to Australia’s biggest coal port, the Port of Newcastle, after adopting new policies last year that prohibit it entering new finance deals for customers with significant exposure to the fossil fuel. The bank, which had been part of a syndicate of lenders, decided not to participate in the refinancing of hundreds of millions of dollars owed by the port, Guardian Australia has confirmed. However, another.
by Ifham Nizam
President Gotabaya Rajapaksa yesterday turned down a plea by villagers to allocate three kilometres of forest cover to build a new road in Deraniyagala, officials said.
“I cannot agree to it without consulting environmental experts”, he said during an interaction with villagers in the area on Saturday.
Environmentalists believe that some local politicians had coaxed villagers to urge the President to release the forest land ostensibly for a road for which hundreds of valuable trees will have to be felled.
“For all we suspect, there seems to be more interest in the timber than on building a new road from Pallebaga to Kitulgala through Makandawa Reserve, a haven for birds.