Indo-Lanka deal on Colombo Port terminal by end May

Tuesday, 2 May 2017 00:00 - - {{hitsCtrl.values.hits}}

The Government is expected to announce the award of the contract for the development of the container terminal at the Colombo Port as a Joint Venture with India by the end of this month, according to the Memorandum of Understanding (MoU) signed between the two sides in New Delhi last week.

The MoU, in its final version worked out in New Delhi, says a concept paper will be brought out for the development of the agriculture sector and livestock industry by the end of next month.

The MoU has set deadlines for initiatives on the projects outlined in the MoU signed between the prime ministers of the two countries.