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Lessons from a volatile week in the region

Lessons from a volatile week in the region
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India, Japan cool to Colombo offer of new port project | Hellenic Shipping News Worldwide


India, Japan cool to Colombo offer of new port project
Days after the Sri Lankan cabinet decided to allocate Colombo’s West Container Terminal (WCT) to an Adani Group consortium to compensate for cancelling the East Container Terminal (ECT) agreement, previously signed by India and Japan, both New Delhi and Tokyo have signaled their distancing from the decision.
“Our High Commission in Colombo has already conveyed to the Government of Sri Lanka (GoSL) that their media release, in so far as their reference to the approval of the (Indian) High Commission, is factually incorrect,” Ministry of External Affairs (MEA) spokesperson Anurag Srivastava said on Friday, speaking about the cabinet notification issued on March 1 (https://www.dgi.gov.lk/news/cabinet-decisions) that had said the proposal presented by the Adani group and Special Economic Zone Ltd, a consortium called APSEZ, had been “approved” by the Indian High Commission. ....

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