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DAILY NEWS ANALYSIS

  • 03 February, 2021

  • 4 Min Read

East Container Terminal

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Sri Lanka has withdrawn its proposal to let India & Japan build its East Terminal Container near the capital city of Colombo.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