India, Lanka likely to sign port development deal

Published : 8:54 am  April 24, 2017 | No comments so far |  | 


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India and Sri Lanka may next week give final shape to a deal for jointly developing the Trincomalee Port in the north-eastern region of the country, the Deccan Chronicle reported yesterday. 

Prime Minister Ranil Wickremesinghe is expected to arrive in New Delhi tomorrow on a five-day visit. His meeting with Prime Minister Narendra Modi is likely to focus on Sri Lanka’s offer to India for developing the Trincomalee Port, the Indian Newspaper said in a report. 
It said:

“Modi and Wickremesinghe are also expected to discuss Sri Lanka’s proposal for India and Japan to jointly develop a Liquefied Natural Gas terminal in Trincomalee, sources told Deccan Herald.

Both the deals are likely to be signed during Modi’s visit to the island nation next month to attend the celebrations marking the International Day of Vesak or Buddha Purnima.

Modi and Wickremesinghe will also discuss ways to speed up negotiations on the much-awaited Economic and Technical Cooperation Agreement.

Colombo has put forward the proposal to India for developing the Trincomalee Port to strike a balance between India and China to allay New Delhi’s concerns over Beijing’s bid to expand its footprints and build strategic assets in and around Sri Lanka. Deccan Herald