Lanka, India and Japan sign MoU to jointly develop East Container Terminal in Colombo port
Posted on May 28th, 2019

By Meera Srinivasan/The Hindu Courtesy NewsIn.Asia

Colombo, May 28: Sri Lanka, Japan and India on Tuesday signed an agreement to jointly develop the East Container Terminal at the Colombo Port.

The signing of the Memorandum of Cooperation (MoC) is significant, given that India and Sri Lanka were negotiating a potential partnership on the project, although with little success.

Lanka, India and Japan sign MoU to jointly develop East Container Terminal in Colombo port

New Delhi’s interest in partnering the project is well known. Over 70% of the transhipment business at the strategically located East Container Terminal is linked to India, according to official sources.

However, India’s possible role in developing the terminal had become a major flashpoint within the government.

President Maithripala Sirisena had opposed any Indian involvement in the project, as roping in foreign actors for developing national assets” remains a politically sensitive call in the island.

Mr. Sirisena and Prime Minister Ranil Wickremesinghe had a heated argument on the matter during a cabinet meeting last year, with the Sri Lankan Prime Minister apparently more inclined towards allowing an Indian role in the project.

Negotiations seemed to have hit a roadblock until Japan stepped in more recently. The new dynamic altered the prospects for India, allowing it to play a part in upgrading the terminal.

Japan has been a long-standing partner of Sri Lanka, and one of Sri Lanka’s biggest donors in the past decades. The terms of the agreement will soon be finalized at a joint working group meeting, diplomatic sources toldThe Hindu.

Negotiations seemed to have hit a roadblock until Japan stepped in more recently.

(The featured image at the top shows a view of the Colombo port)

One Response to “Lanka, India and Japan sign MoU to jointly develop East Container Terminal in Colombo port”

  1. aloy Says:

    This is a crime committed by a bunch of traitors. They should not be allowed to continue misruling the country this way.

    For that to happen we have to chase out all the parasitic and spineless leaders. They have been lulled into silence by a minority who planned to systematically destroying the Sinhala nation by bribing key players. And now we see that they are signing or already signed agreements with a country that trained and unleashed the most dangerous terrorist of the world on our people. What more treachery these bunch of traitors can do?. They all deserve the biggest punishment that was given during our ancient kings’ time.
    We appeal to the Mahanayakas, considered as jathiye muradevathawos, to declare in front if Sri Dalada that all such agreements signed in contravention of law of the land by respective governments, null and void.

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