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China Hand Behind Sri Lanka Scrapping Key Port Deal With India & Japan

Feb 06, 2021 10:48 PM IST iVideos iVideos

Sri Lankan govt has scrapped the deal to develop a major port terminal with India and Japan amid weeks-long protests by trade unions and opposition parties.
Sri Lanka had previously agreed to develop the strategic East Container Terminal (ECT) at the Colombo port with India and Japan. Under the deal, 49% of the terminal's shares were to be owned by India and Japan while Sri Lanka's Ports Authority would retain the majority stake. Now, the Sri Lankan government said it would instead develop the port's West Container terminal with investment from India and Japan