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LankaWeb – Cabinet nods to develop Colombo Port's West Terminal with Japan and India


Posted on February 2nd, 2021
Courtesy Adaderana
The Cabinet of Ministers has approved a proposal to develop the West Terminal of the Colombo Port as a Public-Private Partnership with Japan and India.
Minister of Ports and Shipping had tabled a Cabinet paper with proposals as per the recommendations furnished by the negotiating committee appointed to evaluate the investment proposal by Japan and India to develop the East Container Terminal of the Colombo South Harbour.
The Cabinet has subsequently agreed to the following proposals:
– Operating the East Container Terminal as a wholly-owned container terminal of the Sri Lanka Ports Authority (SLPA).
– Taking necessary steps to develop the West Container Terminal of the Colombo Port on the basis of operating and developing as a public-private partnership and return it within 35 years together with the Government of India and the Government of Japan nominated parties and SLPA. ....

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Cabinet approves developing West Terminal as public-private partnership with India, Japan


The Cabinet of Ministers has approved a proposal to develop the West Container Terminal of the Port of Colombo on the basis of operating and developing as a public-private partnership and return it within 35 years together with the government of India and the government of Japan nominated parties and the Sri Lanka Ports Authority.
This will be carried out in compliance with the International Agreements signed by the government of Sri Lanka with a view to developing the Port of Colombo as a competitive port in the region.
Meanwhile, the Cabinet nod has also been received to operate the East Container Terminal as a wholly-owned container terminal of the Sri Lanka Ports Authority. ....

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Sri Lanka Signals Exit from MOC with India on Colombo Port


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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