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India and Japan wary
COLOMBO: The Sri Lankan government has offered India and Japan 85% stake in the yet to-be-constructed West Container Terminal (WCT) in the Colombo port, Chairman of the Sri Lanka Ports Authority (SLPA), Maj.Gen (Retd) Daya Ratnayake has said.
On February 1, the Sri Lankan cabinet had said that the WCT would be built and operated for 35 years by a consortium comprising the SLPA, India and Japan. The cabinet paper did not mention the stakes to be held by the three parties.
The cabinet had offered the WCT to India and Japan in lieu of the East Container Terminal (ECT) which, it said, would be built and run solely by the SLPA.
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Sri Lanka Signals Exit from MOC with India on Colombo Port Indian High Commission opposes Lankan bid
COLOMBO: Reacting to signals from the Sri Lankan government that it is opting out of the May 2019 trilateral Memorandum of Cooperation (MOC) between Sri Lanka, India and Japan to build and run the East Container Terminal (ECT) at the Colombo Port, the Indian High Commission said on Monday that it expects all parties to adhere to the MOC.
“ I would like to reiterate the expectation of the Government of India for the expeditious implementation of the trilateral Memorandum of Cooperation (MOC) signed in May 2019 among the Governments of India, Japan and Sri Lanka for the development of ECT with participation from these three countries,” a statement issued by the spokesman of the High Commission said.
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