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Sri Lanka inks MoC with India and Japan to develop container terminal at Colombo Port

The Government of Sri Lanka Tuesday, 28 May 2019 signed a Memorandum of Cooperation (MoC) with the governments of Japan and India on the development of the East Container Terminal (ECT) of the Colombo South Port."As a hub of the Indian Ocean, the development of Sri Lanka and openness of its ports are of great importance. Colombo Port is the leading Port in the region. This joint project reflects the longstanding good will and cooperation among the three countries," the Sri Lanka Port Authority (SLPA) said in a statement.Japan has provided cooperation for the development of the Jaya Container Terminal since the 1980's. Around 70% of Colombo Port's transshipment business is India-related. Sri Lanka, Japan and India will work together for further development of the Colombo Port...............

 

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