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India has its way on Chinese projects in North Sri Lanka


(MENAFN - NewsIn.Asia)
By P.K.Balachandran/newsin.asia
Colombo, February 14: Though India failed to get the East Container Terminal (ECT) project in Colombo port, it is now well on the way to bagging the West Container Terminal (WCT) project and also three power projects in Jaffna. It has successfully convinced the Gotabaya Rajapaksa government that it will be unwise to ignore India s interests in its relations with China.   
After yielding to Sinhalese nationalist pressure not to give the ECT project to India, the Sri Lankan government offered the WCT in which the designated Indian party is to hold 85% stake. This is much higher than the stake offered to India and Japan (49%) in the case of the ECT. It also matches China s stake in the adjacent Colombo International Container Terminal (CICT). ....

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