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Colombo Port Trade Unions Hope SL Govt Will Decide On ECT Deal On Monday
Sri Lanka s strategic Colombo port trade unions said on Sunday that they were hopeful of a decision by the government on Monday on a proposed joint venture involving India and Japan to develop the Eastern Container Terminal (ECT).
Sri Lanka s strategic Colombo port trade unions said on Sunday that they were hopeful of a decision by the government on Monday on a proposed joint venture involving India and Japan to develop the Eastern Container Terminal (ECT).
Amid protests by the trade unions, Prime Minister Mahinda Rajapaksa said on Sunday that his government will not sell or lease the ECT.
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COLOMBO (News 1st): Final plans to develop the Kankasanthurai Port which is currently in-operational through an Indian loan have been drawn up against the backdrop where the Palali airport is currently under development through an agreement with India.
In July 2019, the Government of Sri Lanka completed the first phase of development work for Rs. 226 million, and India agreed to provide Rs. 3 billion to complete the second phase of the Palali Airport.
It is against this backdrop that the Eastern Terminal of the Colombo Port is being prepared to be handed over to the Indian Adani Group.
The investment is already being studied by two committees.