New Delhi, Feb. 3 (Jiji Press)–The Sri Lankan government has decided to make revisions to a project it planned with the Japanese and Indian governments to construct a container terminal at a port in Colombo, the biggest city of Sri Lanka, according to a local media report.
On Monday, the Sri Lankan government decided at a cabinet meeting that all facilities of the terminal will be owned and operated by local authorities, the report said.
In May 2019, the governments of Sri Lanka, Japan and India signed a memorandum of understanding that Japanese and Indian private companies would invest for a total of a 49 pct stake in the Colombo port’s east container terminal construction and continue to be involved in the management of the terminal.
The port development project has yet to be launched. It is uncertain whether the Sri Lankan government, struggling financially, can realize the plan without any help.
The Japanese Embassy in Colombo informed the Sri Lankan government of its regret over the unilateral decision, a senior official said.
In September last year, the administration of Sri Lankan President Gotabaya Rajapaksa, known for its pro-China policy, withdrew from a project for railway development supported by Japan.