{"id":110897,"date":"2021-01-22T17:23:52","date_gmt":"2021-01-23T00:23:52","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=110897"},"modified":"2021-01-22T17:23:52","modified_gmt":"2021-01-23T00:23:52","slug":"ect-and-cdl-in-the-colombo-harbour-an-analogue","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2021\/01\/22\/ect-and-cdl-in-the-colombo-harbour-an-analogue\/","title":{"rendered":"ECT and CDL in the Colombo Harbour -an analogue"},"content":{"rendered":"

Dr SARATH OBEYSEKERA Ex CEO Colombo Dockyard\u00a0<\/em><\/span><\/h2>\n\n\n

Colombo dockyard previously a part of the port commission was owned by Sri \u00a0Lanka Ports Authority which was offered to a Japanese company called Onomichi Dockyard where 51 % ownership was transferred lot stock and barrel with two docks and fully equipped and skilled workforce with fully-fledged workshops \u00a0in the eighties to a close to 3.5 million dollars by then UNP government\u00a0<\/p>\n\n\n\n

When the share transfer took place, there was no lease agreement for the 13-acre portland with assets which was later given at 2 million Rs per month by the government of CBK when Ashcroft was the minister, for 30 years extendable to 60 years\u00a0<\/p>\n\n\n\n

It was a real bargain for the Japanese investor but Sri Lanka benefited by having a pioneer shipbuilding industry developed to an unprecedented \u00a0scale under Sri \u00a0Lankan Top management with the Japanese overseeing the operations\u00a0<\/p>\n\n\n\n

The property belonging to SLPA was never sold neither ownership transferred to the Japanese but a simple lease agreement with the port is in place similarly the Government should first form a private-public partnership for ECT and offer shares to port workers like the same way \u00a0Colombo dockyard did during the tenure of DBW as the President \u00a0when the writer was the CEO \/MD who met him personally with the leader of UNP led trade union\u00a0<\/p>\n\n\n\n

Similarly, Adani group can be given 49% with a management contract like Onomichi which is \u00a0charging around 400000$ per month to pay salaries of Japanese staff -four in full<\/p>\n\n\n\n

During DBW\u2019s time, the writer met him personally and convinced that the 10% of the shares of the Dockyard shall be vested to workers as stipulated in the investment agreement which was carried out using shares owned by banks\u00a0<\/p>\n\n\n\n

Today Dockyard has become an internationally known\nefficiently run shipbuilding yard placing them in an envious position in Asia<\/p>\n\n\n\n

As far as I know, there were no irregular transactions underhand though there were speculations\u00a0700 million \u00a0dollars to be paid by Adani Group to be transferred which can be called either a Premium or Key Money \u00a0to the treasury for national needs during these difficult times where\u00a010 % shares can be offered to port workers free of charge and some more to local investors\u00a0Adani can manage like dockyard does and take away their 49% profit without deducting initial 700000 $ investment \u00a0but they can bring much-needed transshipment business from India\u00a0SAGT and CICT are run in the same way but\u00a0Port workers are protesting against ECT privatization because they will lose additional income usually earn by underhand methods like the way they carry out every operation in the port today where in 10 or more locations where containers of goods pass thru at the checking points, the \u00a0drawer of side cupboard of the tally clerk or security is left \u00a0open where they expect 100 rs to be dropped by clearing agents\u00a0Buddhist monks should only get involved in meditation rather than mediation and also they should do the propagation of religion instead of holding press conferences where they offer to die.<\/p>\n\n\n\n

TV stations should spend more time and money rather than\nshow press conferences by monks and trade unions like they now they run\nprograms like Lakshapathi for people to enjoy during this Corona times <\/p>\n\n\n\n

Dr. SARATH OBEYSEKERA<\/p>\n\n\n\n

Ex CEO Colombo Dockyard <\/p>\n","protected":false},"excerpt":{"rendered":"

Dr SARATH OBEYSEKERA Ex CEO Colombo Dockyard\u00a0 Colombo dockyard previously a part of the port commission was owned by Sri \u00a0Lanka Ports Authority which was offered to a Japanese company called Onomichi Dockyard where 51 % ownership was transferred lot stock and barrel with two docks and fully equipped and skilled workforce with fully-fledged workshops […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-110897","post","type-post","status-publish","format-standard","hentry","category-forum"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/110897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=110897"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/110897\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=110897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=110897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=110897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}