High resolution satellite images accessed by NDTV indicate the presence of several frontline Chinese warships, a submarine and fleet support ships docked at Karachi harbour as Beijing and Islamabad kick off their largest ever Naval exercises.
Gotabaya Rajapaksa’s fall from being the Sinhala nationalists’ hero to the man who, along with the rest of the Rajapaksa clan, brought ruin to Sri Lanka is complete, with protesters cutting across Sri Lanka’s ethnic and economic divides at his doorstep, demanding that he step down and flee. Will he stay or scoot with his alleged loot?
This Week, Tokyo Cement Co (Lanka) laid the first foundation stone for its 1Mta modernisation project at its Trincomalee factory, commissioning in earl.
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.
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