East Container Terminal of the Colombo Port: India wants deal sealed as quickly as possible

9 January 2021 08:31 am - 8 - {{hitsCtrl.values.hits}}

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Indian External Affairs Minister Dr. S. Jaishankar is reported to have stressed the need to seal the agreement on the East Container Terminal of the Colombo Port as early as possible, a Government source said.

The source said it would be done under the new investment model proposed by Sri Lanka. According to the source, there won’t be outright sale or leasing out of the terminal to India.

“It will be done under an investment proposal. Sri Lanka will retain majority stakes in the project,” the source said. Also, bilateral discussions focused on modalities for the development of the Trincomalee oil tank farm.

Besides, India offered to assist Sri Lanka in the development of the vocational training sector in Sri Lanka. The Indian side asked for the presentation of a concept outlining areas in which such development is required. (Kelum Bandara)

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Comments - 8

Portlover Saturday, 09 January 2021 11:04 AM

Handing over ECT will be a disaster to the port and to the country.

Mandayan Saturday, 09 January 2021 03:47 PM

Not handing over also will be a disaster!

Saman Saturday, 09 January 2021 04:44 PM

This is a clear violation of our sovereignty and territorial integrity.

Punchi Banda Saturday, 09 January 2021 04:55 PM

The Indians want to setup surveillance equipment to monitor chinas facilities in Sri Lanka monitoring Indian communications. A great game is being played on Sri Lankan territory

Mohammed Riz Fridawooz Saturday, 09 January 2021 06:14 PM

Entire country has been sold only 25% remains even the remaining will be sold there won't be a country for us it's already run by Chinese god help us

brainmaster Saturday, 09 January 2021 07:01 PM

better India then China

Sinna Saturday, 09 January 2021 10:44 PM

India used disharmony among communities in Sri lanka to its behoof, it supported, terrorists in financially in materials and let them have them safe heaven there, that misconduct of india, made our country poorer, and now India reap the harvest, by buying national assets of Srilanka, Indian approach is quite unacceptable

Kadiya Sunday, 10 January 2021 06:20 AM

What's the fired hurry? Does India smell the downfall of Gota's govt?

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East Container Terminal of the Colombo Port: India wants deal sealed as quickly as possible

Comments - 8

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