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Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyToday at 12:15 pm by lanka

» Dividend Announcement
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyFri Sep 13, 2019 4:24 am by Rana

» Performance of the Market-Weekly
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyThu Sep 12, 2019 7:58 pm by ruwan326

» කැසිනෝ ව්‍යාපාරික රවී විජේරත්න, අර්බුදයට පත් MTD Walkers මිල දී ගැනීමට සැරසෙයි
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyMon Sep 09, 2019 7:47 pm by nihal123

» Happy Birthday
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyMon Sep 09, 2019 10:54 am by nuwanmja

»  Rajgama Heroes !
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptySat Sep 07, 2019 10:24 am by කිත්සිරි ද සිල්වා

» Yahoo mail
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyFri Sep 06, 2019 5:38 pm by Rana

» Thread for News on International Markets
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyFri Sep 06, 2019 9:50 am by The Invisible

» JINS.N0000 ( Janashakthi Insurance PLC)
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyFri Sep 06, 2019 9:47 am by The Invisible

» Browns Investments update
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyFri Sep 06, 2019 6:00 am by sanjulanka

» Hayleys MGT
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyFri Sep 06, 2019 5:55 am by The Invisible

» SEYB.N0000 ( SEYLAN BANK PLC )
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyThu Sep 05, 2019 8:47 pm by soileconomy

» Tourism Sector
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyThu Sep 05, 2019 6:08 pm by NIRMALSG

» CLND Not to miss
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Sep 04, 2019 9:42 pm by sureshot

» Thread for News on CSE and SL Economy
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Sep 04, 2019 6:35 pm by NIRMALSG

» TJL.N0000 (Textured Jersey Lanka PLC.)
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyTue Sep 03, 2019 6:12 pm by Ethical Trader

» UBC Union Bank of Colombo
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyTue Sep 03, 2019 12:09 pm by The Invisible

» Obituary Notice.
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyMon Sep 02, 2019 10:34 pm by කිත්සිරි ද සිල්වා

» Thread for News on Local and Foreign Politics
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptySat Aug 31, 2019 5:13 pm by The Invisible

» Sri Lanka bank profitability under pressure: Moody’s
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptySat Aug 31, 2019 8:44 am by The Invisible

» ‘වැඩකාරයාගේ නමත් සිරිසේන’ කියලා හිනාවුණා
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyFri Aug 30, 2019 4:05 pm by sanjulanka

» 8000 Post Club | Celebration of a Great Milestone කිත්සිරි ද සිල්වා
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyThu Aug 29, 2019 7:17 pm by කිත්සිරි ද සිල්වා

» In the Meantime, Within Our Shores !
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyThu Aug 29, 2019 10:37 am by කිත්සිරි ද සිල්වා

» Sri Lanka to call for bids to develop Mannar Basin natural gas find
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyTue Aug 27, 2019 4:32 pm by nuwanmja

» “බිරිඳගේ සහ පෙම්වතියගේ වෙනස මොකක්ද?”
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptySun Aug 25, 2019 11:51 pm by sanjulanka

» The Central Bank of Sri Lanka Reduces its Policy Interest Rates
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptySat Aug 24, 2019 4:26 am by Ethical Trader

» JKH - 155/00 Breakout is pending
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyFri Aug 23, 2019 2:21 pm by pjrngroup

» Tokyo as at 21.08.2019 Morning
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Aug 21, 2019 10:07 am by nisashi

» අනං මනං! #/+?.<>
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyTue Aug 20, 2019 8:18 pm by ruwan326

» What Would You Do?
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyMon Aug 19, 2019 1:02 pm by කිත්සිරි ද සිල්වා

» Back of the Legends
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyMon Aug 19, 2019 10:13 am by Topcat

» NTB.N0000 (NATIONS TRUST BANK PLC)
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptySun Aug 18, 2019 10:33 pm by lanka

» Melstacorp (MELS)
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptySun Aug 18, 2019 8:33 pm by The Invisible

» Cargills (CARG)
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptySun Aug 18, 2019 8:26 pm by The Invisible

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptySun Aug 18, 2019 8:18 pm by The Invisible

» SHL.N0000 (Softlogic Holdings PLC)
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptySun Aug 18, 2019 8:14 pm by The Invisible

» SAMP.N0000 (SAMPATH BANK PLC)
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptySat Aug 17, 2019 12:44 pm by nuwanmja

» CFVF - First Capital
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyFri Aug 16, 2019 9:58 am by CK

» Ceylinco Insurance CINS
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Aug 14, 2019 9:18 am by The Invisible

» HNB.N0000 ( Hatton National Bank PLC)
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Aug 14, 2019 9:15 am by The Invisible

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyWed Aug 14, 2019 9:11 am by The Invisible

» LIOC.N0000 (Lanka IOC PLC)
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyMon Aug 12, 2019 2:55 pm by xmart

» HAYL.N0000 Hayleys PLC
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyMon Aug 12, 2019 1:43 pm by CK

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyMon Aug 12, 2019 1:33 pm by The Invisible

» Grain Elevators
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyMon Aug 12, 2019 1:31 pm by The Invisible

» Sri Lanka sets US$3.5bn tea export target for 2030
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptyMon Aug 12, 2019 1:27 pm by The Invisible

» Tea: July 2019 national average shows gains month on month
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptySun Aug 11, 2019 9:19 pm by Topcat

» OSEA .N
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptySat Aug 10, 2019 6:40 pm by The Invisible

» Sri Lanka mulls reforms to punish 'errant' plantation companies
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptySat Aug 10, 2019 6:33 pm by The Invisible

» JKH.N0000
Japan, India in Deal at ‘Belt And Road’ Colombo Port: Nikkei EmptySat Aug 10, 2019 11:38 am by The Invisible

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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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