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Posted on January 26th, 2021 Containers stacked at Sri Lanka’s Colombo port. Photo Credit: Rehman Abubakr, Wikipedia Commons Japan Overseas Infrastructure Investment Corporation (JOIN) and India’s Adani Port are among foreign and Sri Lankan companies seeking a stake in the container terminal The Sri Lankan government has asked stakeholders in Colombo Port’s East Container Terminal (ECT) project to come up with a joint proposal to share a 49% stake in it.  The Chairman of the Sri Lanka Ports Authority (SLPA), Maj.Gen. (Rtd) Daya Ratnayake, said that  the SLPA will have 51% stake in the company to be formed to build and run the terminal and the remaining 49% will be held by a group of foreign and local companies.

Sri lankaNew delhiTamil naduRepublic ofSri lankanJanata vimukthi peramunaGotabaya rajapaksaMaj genGen ratnayakeRanil wickremesingheUdaya ratnayakeJohn keellsWikipedia commonsJayanath colombageRehman abubakrJapan overseas infrastructure investment corporation