The government is gearing to fast-track the development of East Container Terminal (ECT) at the Port of Colombo jointly with Japan and India with the setting up of a terminal operating company (TOC), ensuring that the full ownership of ECT will remain with Sri Lanka.
According to informed government sources, Sri Lanka Ports Authority (SLPA) will own 51 percent equity stake in the TOC while parties nominated by Japanese and Indian governments will collectively hold the remaining 49 percent. Read More
By Indika Sakalasooriya
