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The Sri Lankan government has reneged on a 2019 agreement with India and Japan to develop the strategic East Container Terminal (ECT) at the Colombo Port. India and Japan together were to hold how much stake in ECT?

The Sri Lankan government has reneged on a 2019 agreement with India and Japan to develop the strategic East Container Terminal (ECT) at the Colombo Port. India and Japan together were to hold how much stake in ECT? Correct Answer 49

The correct answer is 49%.

  • The Sri Lankan government has reneged on a 2019 agreement with India and Japan to develop the strategic East Container Terminal (ECT) at the Colombo Port.
  • The operation of the east terminal would be done by the Sri Lanka Ports Authority on its own.
  • India and Japan together were to hold a 49% stake in ECT.
  • Sri Lanka: 
    • Capital - Sri Jayawardenepura Kotte (Administrative capital), Colombo (Commercial capital).
    • Currency - Sri Lankan rupee.

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