Colombo-Sri Lanka on Tuesday signed a deal with India and Japan to develop a deep-sea container terminal in the country that has seen increasing forays by China which has taken a strategic port on a 99-year lease that has worried New Delhi.
The three countries will jointly build the East Container Terminal at the Port of Colombo.
Sri Lanka’s Port Authority (SLPA) said that around 70 per cent of Colombo Port’s transshipment business is India related while Japan had cooperated si ..