Cabinet nod for ECT development with SLPA’s full stake-WTC to be developed with India
Posted on February 1st, 2021
Kelum Bandara Courtesy The Daily Mirror
The Cabinet today has approved a proposal to develop the East Container Terminal of Colombo Port fully under the control of Sri Lanka Ports Authority, but the West Container Terminal with a private investor as pledged in President Gotabaya Rajapaksa’s apology manifesto titled ‘Vistas of Prosperity and Splendour, a top source said.
The Cabinet discussed the trade union crisis triggered by the move to develop the ECT with an Indian company.
However, the ECT will be developed by the SLPA in three stages within three years. The source said the WTC would be developed in partnership with India under a business model similar to the one that was signed with the Chinese company for the development of Colombo International Container Terminal.