Sri Lanka Revives Port Deal with India, Japan Amid China Concerns

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Sri Lanka’s President Gotabaya Rajapaksa has announced the revival of an Indian and Japanese investment project to develop a deep-sea terminal in Colombo harbour, next to a controversial $500m Chinese-run container jetty.

A tripartite deal by Sri Lanka’s previous government had been on hold amid trade union resistance but Rajapaksa on Wednesday said the East Container Terminal (ECT) would proceed. Read More…

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