{"id":57582,"date":"2021-02-04T11:28:12","date_gmt":"2021-02-04T11:28:12","guid":{"rendered":"https:\/\/websitedesigns.com.au\/elankanew\/?p=57582"},"modified":"2021-02-04T11:28:12","modified_gmt":"2021-02-04T11:28:12","slug":"sri-lanka-halts-port-deal-with-india-and-japan-by-bharatha-mallawarachi","status":"publish","type":"post","link":"https:\/\/websitedesigns.com.au\/elankanew\/sri-lanka-halts-port-deal-with-india-and-japan-by-bharatha-mallawarachi\/","title":{"rendered":"Sri Lanka halts port deal with India and Japan-By Bharatha Mallawarachi"},"content":{"rendered":"<h1 style=\"text-align: center;\"><span style=\"font-size: 28px; color: #008080;\">Sri Lanka halts port deal with India and Japan-By Bharatha Mallawarachi<\/span><\/h1>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-57583 aligncenter\" src=\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2021\/02\/The-Hambantota-Port.jpg\" alt=\"The Hambantota Port\" width=\"600\" height=\"402\" \/><\/p>\n<p><span class=\"_2Li3P\" style=\"font-size: 20px; color: #000000;\">The Hambantota Port, which the Sri Lankan government handed over to China when it couldn\u2019t repay its debt, in Hambantota, Sri Lanka.<\/span><cite class=\"ojLwA\"><\/cite><\/p>\n<p><strong><span style=\"font-size: 20px; color: #993366;\">Source:<\/span><\/strong><span style=\"color: #000000;\"><a style=\"color: #000000; font-size: 20px;\" href=\"https:\/\/www.theage.com.au\/world\/asia\/sri-lanka-halts-port-deal-with-india-and-japan-20210203-p56yyf.html\" target=\"_blank\" rel=\"noopener noreferrer\">Theage<\/a><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\"><strong>Colombo:<\/strong>\u00a0Sri Lanka on Tuesday scrapped a deal to develop a major port terminal with India and Japan amid weeks-long protests by trade unions and opposition parties while India called on its neighbour to honour the agreement.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Sri Lanka had previously agreed to develop the strategic East Container Terminal at the Colombo port with India and Japan. Under the deal, India and Japan were to own 49 per cent of the terminal\u2019s shares while Sri Lanka\u2019s Ports Authority would retain the majority stake.<\/span><!--more--><\/p>\n<section class=\"_1ysFk\">\n<div class=\"_1665V undefined\">\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">But on Tuesday, Sri Lanka\u2019s government declared the East terminal \u201ca wholly-owned container terminal of the Sri Lanka Ports Authority\u201d.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">The government said it would instead develop the port\u2019s West Container Terminal with investment from India and Japan.<\/span><\/p>\n<\/div>\n<\/section>\n<section class=\"vPaWe\">\n<div class=\"_1ysFk\">\n<div class=\"_1665V undefined\">\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">The Indian embassy in Colombo said India expects the timely implementation of the agreement the three countries signed in 2019.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">\u201cThe commitment of Government of Sri Lanka in this regard has been conveyed several times in the recent past, including at the leadership level. Sri Lanka cabinet also took a decision three months ago to implement the project with foreign investors,\u201d the embassy said in a response sent via WhatsApp.<\/span><\/p>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-57584 aligncenter\" src=\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2021\/02\/Chinas-state-owned-companies.jpg\" alt=\"\" width=\"600\" height=\"420\" \/><\/p>\n<p style=\"text-align: center;\"><span class=\"_2Li3P\" style=\"font-size: 20px; color: #000000;\">China\u2019s state-owned companies are diverting capital into Belt and Road infrastructure projects in Asia and central Europe.<\/span><cite class=\"ojLwA\"><\/cite><\/p>\n<div class=\"_1665V undefined\">\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">\u201cAll sides should continue to abide by the existing understandings and commitment,\u201d the embassy added.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">There was no immediate comment from Japan.<\/span><\/p>\n<\/div>\n<div class=\"_1665V undefined\">\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Tension has been growing in Sri Lanka in recent weeks over the port deal among trade unions and opposition political parties who have demanded the government halt the plan to develop the terminal with India and Japan.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">But India has remained steadfast about the project during high-level discussions, including last month during a visit by India\u2019s Foreign Minister S. Jaishankar.<\/span><\/p>\n<div class=\"_1665V undefined\" style=\"text-align: justify;\">\n<p><span style=\"font-size: 20px; color: #000000;\">A week after his visit, Sri Lankan President Gotabaya Rajapaksa said the East terminal would be developed as an investment project of which Sri Lanka would own 51 per cent. The remaining 49 per cent would go to India\u2019s Adani Group and other stakeholders, he said.<\/span><\/p>\n<p><span style=\"font-size: 20px; color: #000000;\">India \u2014 which considers the Indian Ocean region to be its strategic backyard \u2014 has for years been worried by Chinese economic and political influence over neighbouring Sri Lanka.<\/span><\/p>\n<\/div>\n<div class=\"_1665V undefined\">\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">China considers Sri Lanka to be a critical link in its massive<a style=\"color: #000000;\" href=\"https:\/\/www.theage.com.au\/link\/follow-20170101-h11jqw\" data-track-relatedarticle=\"inarticlelink\">\u00a0\u201cBelt and Road\u201d global infrastructure building initiative<\/a>\u00a0and has provided billions of dollars in loans for Sri Lankan projects over the past decade. The projects include a seaport, airport, port city, highways and power stations.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Critics say that the Chinese-funded projects are not financially viable and that Sri Lanka will face difficulties in repaying the loans.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">In 2017, Sri Lanka leased a Chinese-built port located near busy shipping routes to a Chinese company for 99 years to recover the heavy burden of repaying the Chinese loan the island nation received to build it.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">The facility is part of Beijing\u2019s plan for a line of ports stretching from Chinese waters to the Persian Gulf. China has also agreed to provide a $US989 million loan to Sri Lanka to build an expressway that will connect its tea-growing central region to the Chinese-run seaport.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Sri Lanka halts port deal with India and Japan-By Bharatha Mallawarachi The Hambantota Port, which the Sri Lankan government handed over to China when it couldn\u2019t repay its debt, in Hambantota, Sri Lanka. Source:Theage Colombo:\u00a0Sri Lanka on Tuesday scrapped a deal to develop a major port terminal with India and Japan amid weeks-long protests by [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":57583,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"footnotes":""},"categories":[20],"tags":[30786,32573],"class_list":{"0":"post-57582","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-articles","8":"tag-colombo-port","9":"tag-foreign-minister-s-jaishankar","10":"post_format-post-format-aside"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sri Lanka halts port deal with India and Japan-By Bharatha Mallawarachi<\/title>\n<meta name=\"description\" content=\"Colombo:\u00a0Sri Lanka on Tuesday scrapped a deal to develop a major port terminal with India and Japan amid weeks-long protests\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sri Lanka halts port deal with India and Japan-By Bharatha Mallawarachi\" \/>\n<meta property=\"og:description\" content=\"Colombo:\u00a0Sri Lanka on Tuesday scrapped a deal to develop a major port terminal with India and Japan amid weeks-long protests\" \/>\n<meta property=\"og:url\" content=\"https:\/\/websitedesigns.com.au\/elankanew\/sri-lanka-halts-port-deal-with-india-and-japan-by-bharatha-mallawarachi\/\" \/>\n<meta property=\"og:site_name\" content=\"eLanka\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/eLanka.com.au\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-04T11:28:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2021\/02\/The-Hambantota-Port.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"402\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"eLanka admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"eLanka admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/sri-lanka-halts-port-deal-with-india-and-japan-by-bharatha-mallawarachi\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/sri-lanka-halts-port-deal-with-india-and-japan-by-bharatha-mallawarachi\/\"},\"author\":{\"name\":\"eLanka admin\",\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/#\/schema\/person\/f6e635b74ab35ef88a68a9973cacc5bd\"},\"headline\":\"Sri Lanka halts port deal with India and Japan-By Bharatha Mallawarachi\",\"datePublished\":\"2021-02-04T11:28:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/sri-lanka-halts-port-deal-with-india-and-japan-by-bharatha-mallawarachi\/\"},\"wordCount\":565,\"publisher\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/#organization\"},\"image\":{\"@id\":\"https:\/\/websitedesigns.com.au\/elankanew\/sri-lanka-halts-port-deal-with-india-and-japan-by-bharatha-mallawarachi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2021\/02\/The-Hambantota-Port.jpg\",\"keywords\":[\"Colombo Port\",\"Foreign Minister S. 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