Posted on February 2nd, 2021
In a flurry of meetings a day after Sri Lanka backed out of an agreement with India and Japan, to develop the East Container Terminal (ECT) at the Colombo Port, Indian High Commissioner Gopal Baglay met President Gotabaya Rajapaksa, Prime Minister Mahinda Rajapaksa and Foreign Minister Dinesh Gunawardena on Tuesday, official sources told
The Hindu.
Colombo’s sudden decision to pull out of agreement sparks concern
The thrust of the Indian envoy’s message to the Sri Lankan leadership, sources said, was that Colombo must adhere to its commitments in the tripartite agreement of May 2019, to jointly develop the strategic terminal with the Sri Lanka Ports Authority (SLPA) holding 51 % stakes, and India and Japan, holding 49 % together. The Adani Group from India, along with Japanese companies, was to invest in the project expected to cost upto $700 million, as per official estimates.
2021 developments By Shamindra Ferdinando Former President and SLFP leader Maithripala Sirisena, MP, was a notable absentee at the Government Party Leaders’ meeting at the Presidential Secretariat, on Dec 25th. Twice President, Prime Minister Mahinda Rajapaksa presided over the meeting. President Gotabaya Rajapaksa, who hadn’t obtained the membership of the SLPP (though he was that […]
by Dulara Vithana, Bhanushi Perera and Kaushalya Kariyawasam
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