Sri Lanka says it scrapped port deal as Indian firm rejected terms
The Hindu
Sri Lanka has said it scrapped the trilateral deal with India and Japan to develop the Colombo Port’s Eastern Container Terminal (ECT) as the Indian firm involved in the project refused to agree to its new terms.
Prime Minister Mahinda Rajapaksa's office on February 1 said that his government has decided to run the Colombo Port’s Eastern Container Terminal (ECT) as a fully-owned operation of the State-run ports authority.
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