Sri Lanka revives Colombo port deal with Japan, India over ‘geopolitical concerns’

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Sri Lanka’s President Gotabaya Rajapaksa on Wednesday announced the revival of an Indian and Japanese investment project to develop a deep-sea terminal in Colombo harbour next to a controversial US$500-million Chinese-run container jetty.A tripartite deal by Sri Lanka’s previous government had been on hold amid trade union resistance, but Rajapaksa said the East Container Terminal (ECT) would proceed.Approval came after reviewing “regional geopolitical concerns”, Rajapaksa’s office said, a…

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