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» LIOC.N0000 (Lanka IOC PLC)
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyToday at 1:02 pm by LSE

» Thread for News on CSE and SL Economy
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyFri Jan 24, 2020 10:08 am by lanka

» Gota's Era
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyFri Jan 24, 2020 9:33 am by yellow knife

» බැඳුම්කර වංචාවේ වෝහාරික විගණන වාර්තාව පාර්ලිමේන්තුවට
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyFri Jan 24, 2020 7:05 am by nihal123

» අසාදුගත ව්‍යාපාරිකයින්ට රජයෙන් දුන් සහනය මෙන්න
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyFri Jan 24, 2020 6:37 am by nihal123

» SAMP.N0000 (Sampath Bank PLC)
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyThu Jan 23, 2020 5:55 pm by NIRMALSG

» සුරැකුම්පත් කොමිසමට නව සභාපතිවරයෙක්
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Jan 22, 2020 10:20 am by lanka

» In the Meantime, Within Our Shores !
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyTue Jan 21, 2020 10:17 am by කිත්සිරි ද සිල්වා

» කොටස් තැරැව්කරුවෝ අගමැති මහින්ද හමුවෙති
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyMon Jan 20, 2020 9:29 pm by nihal123

» Obituary Notice.
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyTue Jan 14, 2020 4:14 pm by ipo

» LOLC Holdings
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyMon Jan 13, 2020 6:04 pm by smallville

» SEYB.N0000 (Seylan Bank PLC)
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptySun Jan 12, 2020 10:06 pm by subash

» Happy Birthday
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptySun Jan 12, 2020 9:16 pm by lanka

» ශ්‍රී ලංකා කොටස් වෙළෙඳපොළ ඉතිහාසයේ දෙවැනි විශාලතම කොටස් ගනුදෙනුව අද
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyThu Jan 09, 2020 9:59 pm by nihal123

» Hayleys MGT
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyThu Jan 09, 2020 5:40 pm by subash

» Browns Investments update
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyThu Jan 09, 2020 10:42 am by The Invisible

» Tokyo Cement
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Jan 08, 2020 10:48 pm by The Invisible

» Lanka Tiles
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Jan 08, 2020 10:44 pm by The Invisible

» RCL - Royal Ceramics
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Jan 08, 2020 10:39 pm by The Invisible

» AEL Access Engineering
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Jan 08, 2020 10:30 pm by The Invisible

» Sri Lanka central bank to develop a cost-based rate to price loans
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Jan 08, 2020 10:21 pm by The Invisible

» Dialog Finance
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Jan 08, 2020 10:19 pm by The Invisible

» Tourism Sector
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyTue Jan 07, 2020 2:05 pm by nihal123

» Expolanka
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyTue Jan 07, 2020 1:18 am by Afourer

» Cartoon Today
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyMon Jan 06, 2020 2:41 pm by කිත්සිරි ද සිල්වා

» කොළඹ කොටස් හුවමාරුවෙහි නවතම ජංගම දුරකථන යෙදුම
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptySat Jan 04, 2020 7:36 pm by spw19721

» ඉරානයට කළ ප්‍රහාරයෙන් පසු යුරෝපයේ කොටස් වෙළඳපොළ රැසක් පහළ වැටෙයි
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptySat Jan 04, 2020 1:30 pm by nihal123

» VAT අදාළ නැති කට්ටිය මෙන්න. 50,000 ක ලැයිස්තුවක්
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyFri Jan 03, 2020 11:55 am by nihal123

» How to get Access to: 104 Technical trading experiments by HUNTER
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyThu Jan 02, 2020 9:20 am by Admin

» ලංකාවේ ලොකුම සමාගම මෙන්න. දුම්කොළ සමාගම අභිබවමින් ජෝන් කීල්ස් යළිත් පෙරමුණට
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Jan 01, 2020 7:48 pm by Rana

» Sri Lanka’s LOLC Prepares to Sell Its Biggest Overseas Unit
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Jan 01, 2020 4:43 pm by nuwanmja

» Sri Lanka’s Cargills, Sampath, DFCC Bank says met lending rate ceilings
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Jan 01, 2020 4:26 pm by NIRMALSG

» Dividend Announcement
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Jan 01, 2020 1:16 pm by smallville

» Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Jan 01, 2020 9:29 am by The Invisible

» People’s Bank, Sampath, and DFCC face penalties
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyTue Dec 31, 2019 6:33 pm by nihal123

» NDB.N0000 (National Development Bank PLC)
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyTue Dec 31, 2019 1:55 am by Trend

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyThu Dec 26, 2019 9:23 pm by spw19721

» Thought for the day...
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyThu Dec 26, 2019 3:41 pm by Topcat

» ඩොක්ටර් ඒලියන්ත වයිට්
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyThu Dec 26, 2019 9:15 am by කිත්සිරි ද සිල්වා

» Why (Happy) People Cheat?
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Dec 25, 2019 8:34 pm by pjrngroup

» Who killed Cock Robin?
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Dec 25, 2019 8:33 pm by pjrngroup

» 65 Ways to Make Money Online
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyTue Dec 24, 2019 9:24 am by Topcat

» සුළු හා මධ්‍ය පරිමාණ ව්‍යාපාරිකයින් ලබාගත් ණය අයකර ගැනීම අත්හිටුවන්න
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyTue Dec 24, 2019 8:50 am by Topcat

» ACL Cables
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptySat Dec 21, 2019 5:34 am by NIRMALSG

» Sri Lanka to up employer EPF contribution to 15-pct, start social security fund
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Dec 18, 2019 2:46 pm by The Invisible

» රාජ්‍ය සමාගම් කොටස් වෙළෙඳපොළට ගෙන ආ යුතුයි
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyFri Dec 13, 2019 12:37 pm by serene

» Sri Lanka can resume high growth path, cut more taxes: Mark Mobius
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyThu Dec 12, 2019 9:29 am by The Alchemist

» රතු වැටෙනකොට
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Dec 11, 2019 2:59 pm by කිත්සිරි ද සිල්වා

» Sri Lanka interest rates should go down, currency will not fall: Mark Mobius
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Dec 11, 2019 11:18 am by The Invisible

» Equation of Happiness Solved
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyTue Dec 10, 2019 5:23 pm by Backstage

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Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei

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Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei Empty Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei

Post by Backstage on Tue May 21, 2019 1:32 pm

https://www.bloomberg.com/news/articles/2019-05-21/japan-india-in-deal-at-belt-and-road-colombo-port-nikkei

Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei
By Jon Herskovitz
May 21, 2019,

Deal is to develop a container terminal at Port of Colombo
Port City Colombo is being built by state owned CCCC of China


The governments of Japan, India and Sri Lanka have agreed to develop a container terminal at the Port of Colombo, which has attracted major investment from China under its Belt and Road initiative, a Japanese newspaper reported.

The three will sign a memorandum of understanding in the coming months for the east container terminal, located at the newly expanded south part of the Port of Colombo, to deepen it and develop a facility to allow large container ships to enter, Nikkei Asian Review reported this week without citing its sources.

Japan’s foreign ministry was not immediately available for comment. Japan has also pushed its plans to be a player in the region under its “Free and Open Indo-Pacific Strategy.”

Sri Lanka has been one of the countries drawn to China’s Belt and Road Initiative, an ambitious plan announced in 2013 by President Xi Jinping to build an estimated $1 trillion of infrastructure to support increased trade and economic ties and further China’s interests around the globe.
Construction and Development at the Port City Colombo Project


One project in the country includes Port City Colombo being built by China Communications Construction Co., or CCCC. The plan envisions a financial district -- pitched as a new hub between Singapore and Dubai -- with a marina, a hospital, shopping malls, and 21,000 apartments and homes.

State-owned CCCC, one of the world’s largest companies with annual revenue greater than Procter & Gamble Co. or FedEx Corp., says its portfolio of 700 projects in more than 100 countries outside China has a value of more than $100 billion. It is also one of the most vexed. CCCC and its subsidiaries have left a trail of controversy in many of the countries where they operate, with many of its projects criticized as debt traps.


Hambantota Port and Other Infrastructure Developments in the Southern Sri Lankan District Spurred By Chinese Investment



The nine-year-old Hambantota port in southern Sri Lanka -- with almost no container traffic and trampled fences that elephants traverse with ease -- has become a prime example of what can go wrong for countries involved in Belt and Road. Sri Lanka borrowed heavily to build the port, couldn’t repay the loans, and then gave China a 99-year lease for debt relief.
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Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei Empty Re: Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei

Post by Ethical Trader on Tue May 21, 2019 2:06 pm

Thanks. Rupee getting stronger with such projects.
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