East Container Terminal

Sri Lanka has withdrawn its proposal to let India & Japan build its East Terminal Container near the capital city of Colombo.

What is the Project?

The tripartite agreement, signed by India, Sri Lanka and Japan, proposes to develop the ECT, which is located at the newly expanded southern part of the Colombo Port.
The ECT is located 3 km away from the China-backed international financial city, known as Port City, currently being built in Colombo.
A Chinese company behind the controversial 2018 Hambantota port project, signed its first contract in the Port City last month.
It is also on the map of China’s Belt and Road Initiative (BRI).

Source: TH

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