India and Japan are to help Sri Lanka develop Colombo Port – prompting speculation of a challenge to Beijing’s signature infrastructure programme
Is it just a case of two countries throwing their hat into the ring – or part of a deeper challenge to Chinese influence in the region?
It is hard to overstate the significance of the recent agreement between India and Japan to help Sri Lanka develop its Colombo Port.
Under the deal to develop the East Container Terminal, the Sri Lanka Ports Authority will retain 100 per cent ownership of the terminal, while Sri Lanka will hold a 51 per cent stake in the Terminal Operations Company with the India-Japan joint venture retaining the remaining 49 per cent.Read More…
