Sri Lanka to sign new container port deal with China

Sri Lanka to sign new container port deal with China

Sri Lanka will tap a pronounce-bustle Chinese company to form a deep-sea container port, the government talked about Wednesday, in a switch more doubtless to reignite fears over Beijing’s rising regional maritime energy.

The island’s capital Colombo is situated within the Indian Ocean between the predominant hubs of Dubai and Singapore, which manner affect at its ports is highly sought after.

Sri Lanka’s port authority signed a preliminary agreement to form the unusual Jap Container Terminal (ECT) in Colombo with India and Japan in 2019.

But President Gotabaya Rajapaksa’s administration scrapped the deal in February, with cabinet agreeing this week to award the project to the pronounce-bustle China Harbour Engineering Company.

It did no longer dispute how vital the deal became once value, but first rate sources had earlier estimated one more $500 million to possess the partially constructed terminal.

China has ploughed tall sums into Sri Lankan infrastructure initiatives over the remaining decade, turning into one in all the nation’s most attention-grabbing international financiers.

It has additionally loved critical political affect on the island under the Rajapaksa clan, who possess ruled the nation for 11 of the remaining 16 years.

The ECT is the third port project to reach support into improvement around Colombo’s harbour within the previous decade.

Correct two months within the past, Sri Lanka awarded an Indian firm one more dwelling to form a tag-unusual deep-sea jetty at an estimated $700 million value.

That project is next to the Chinese-bustle Colombo Worldwide Container Terminal (CICT), in operation since 2013.

Two Chinese submarines berthed on the CICT in 2014, sparking nettle in India, which considers its neighbour Sri Lanka to be within its sphere of affect.

Since then, Sri Lanka has refused permission for more Chinese submarines to be stationed there.

In 2017, unable to repay a huge Chinese mortgage, Sri Lanka allowed a Chinese firm to determine over its southern Hambantota port, which straddles the arena’s busiest east-west transport route.

The deal, which gave the partially pronounce-owned company a 99-year lease, raised fears about Beijing’s exhaust of “debt traps” in exerting its affect in a international nation.

India and the United States possess additionally expressed concerns that a Chinese foothold at Hambantota might presumably well give Beijing a protection force income within the Indian Ocean.

Connected Hyperlinks

Uncover relating to the Superpowers of the 21st Century at

Uncover about nuclear weapons doctrine and protection at

Thanks for being here;

We need your support. The SpaceDaily news network continues to grow but revenues possess by no manner been more difficult to withhold.

With the upward thrust of Ad Blockers, and Facebook – our historic income sources by skill of quality network marketing continues to dispute no. And never like so many other news sites, we wouldn’t possess a paywall – with those anxious usernames and passwords.

Our news coverage takes time and energy to submit 365 days a year.

Must you rep our news sites informative and handy then please lend a hand in solutions turning correct into a abnormal supporter or for now accumulate a one off contribution.

SpaceDaily Contributor

$5 Billed As soon as

bank card or paypal

SpaceDaily Monthly Supporter

$5 Billed Monthly

paypal simplest


Philippines accuses China of ‘harassment’ in disputed sea

Manila (AFP) Nov 23, 2021

Manila’s defence minister on Tuesday accused the Chinese coastguard of “intimidation and harassment” after Philippine navy personnel had been filmed and photographed unloading goods within the disputed South China Sea.

Tensions over the handy resource-prosperous waters possess spiked within the previous week after Chinese coastguard ships fired water cannon at Philippine boats handing over affords to marines at Second Thomas Shoal within the contested Spratly Islands.

Manila expressed outrage over the assault which forced the Phili … read more