Saturday, Sep 24, 2022

Container terminal project: India stresses on Sri Lanka adhering to international commitments

India, Japan and Sri Lanka had inked an agreement in 2019 on development of the terminal project.

East Container Terminal, Stage 1, at Colombo port. (SLPA)

India on Thursday stressed the importance of Sri Lanka adhering to its international commitments relating to development of the East Container Terminal of Colombo Port, days after the island-nation cancelled a trilateral agreement for the project.

India, Japan and Sri Lanka had inked an agreement in 2019 on development of the terminal project. The Sri Lankan government on Monday decided to hand over the project to a state-run company following an agitation against the venture involving India and Japan.

“As is well known, the governments of India, Sri Lanka and Japan had signed a memorandum of cooperation in May 2019 to develop and operate the East Container Terminal of Colombo Port in a trilateral framework,” Ministry of External Affairs spokesperson Anurag Srivastava told the media. “We sincerely believe that the development of infrastructure in Sri Lanka, in areas such as ports and energy, with foreign investment from India and Japan will be a mutually beneficial proposition.”

Srivastava said the Indian High Commissioner in Colombo is in talks with the Lankan government “on the importance of adhering to international commitments”.

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First published on: 05-02-2021 at 02:09:02 am
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