Sri Lanka clears Indian investment at another Colombo Port terminal

  • Sri Lanka on Tuesday said it will develop the West Container Terminal (WCT) at the Colombo Port along with India and Japan. 
  • India has named Adani Ports, which was earlier nominated to invest in the ECT while Japan is yet to respond.
  • Before, the two partners were ejected from a 2019 tripartite agreement to jointly develop the East Container Terminal (ECT), amid port unions' resistance to “foreign involvement”. 

DETAILS AND COMPARISON

  • Commercially, the west terminal offer is better for India as it gives 85% stake for developers of the West Terminal against the 49% in ECT. 
  • Geo-politically too, West Terminal is almost the same fom the security aspect and the necessity to have a port terminal in Sri Lanka. 
  • Also, West Terminal is no smaller in size or depth compared to the East Terminal.

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