Days after S. Jaishankar’s successful visit to Sri Lanka, The Sunday Times captured the ECT port deal referring to Chinese intelligence as the only hindrance.
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.
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