East Container Terminal at Colombo Port

EAST CONTAINER TERMINAL AT COLOMBO PORT   For: Preliminary & Mains Topic covers: Container terminal- Significance, Role of India and Japan, India’s benefit,   News Flash Sri Lanka, Japan and India signed an agreement to jointly develop the East Container Terminal at the Colombo Port. Japan is likely to provide a 40-year soft loan with a 0.1 percent interest rate. As per the agreement signed, the Sri Lanka Ports Authority (SLPA) retains 100% ownership of…

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