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Govt. decides to develop West Terminal with an investor

2 February 2021 06:38 am - 6     - {{hitsCtrl.values.hits}}

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The Government has decided to retain the ownership of Eastern Terminal of Colombo Port and to develop the Western Terminal together with an investor, Minister of Ports and Shipping Rohitha Abeygunawardene said yesterday.

Minister Abeygunawardene said this decision was made by the Government as India had not agreed to the conditions laid down by the Sri Lankan Government.

“The previous Government signed an agreement with India and Sri Lanka to develop and run the Eastern Terminal. It was also arranged to borrow funds from Japan. However President Gotabaya Rajapaksa was of the opinion that Sri Lanka should not borrow but should develop the terminal together with an investor. Subsequently the Cabinet nod was given to appoint a negotiation committee. (YOHAN PERERA)

  Comments - 6

  • Dee Tuesday, 02 February 2021 08:00 AM

    Ah! 'Investment' . That's the word my Raththaran Putha!

    BuffaloaCitizen Tuesday, 02 February 2021 11:09 AM

    China calls the shots. Rajapakse just stated what China informed him to do.

    Kathir Tuesday, 02 February 2021 11:42 AM

    Who is the investor? China?

    Gamarala Tuesday, 02 February 2021 11:55 AM

    Better to find an investor to develop the government.

    DGee Tuesday, 02 February 2021 04:42 PM

    WCT has to be public private partnership to comply with loan agreement condition unless you want to evade that. To be correct has to be selected by open bidding process.

    U ali Wednesday, 03 February 2021 05:40 PM

    Commission for ECT missed


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