Sri Lanka Pushed India Out of East Terminal Project
- On 3rd February, 2021, the Sri Lankan government revoked a 2019 agreement with India and Japan to develop the strategic East Container Terminal (ECT) at the Colombo Port.
Background
- Sri Lanka, Japan and India signed an agreement to jointly develop the East Container Terminal at the Colombo Port in 2019.
- The MoC stated that the Sri Lanka will own 51 per cent stake. India and Japan will jointly own the remaining 49 per cent. However, Sri Lanka made a unilateral decision on an existing tripartite agreement.
Reasons Cited
- Pressure from Colombo Port Trade Unions: The government of Sri Lanka was under ....
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