News
Indo-Lanka agreement on ECT:

* Govt. sticking to yahapalana commitment says SJB MP
* JVP asks whether selling national assets panacea for all our ills
By Shamindra Ferdinando
Samagi Jana Balavegaya lawmaker Dr. Harsha de Silva yesterday (15) said that the SLPP government had adopted the previous administration’s strategy in respect of the East Container Terminal (ECT) at the Colombo Port having repeatedly decried what it earlier called the sale of the facility to India.
MP de Silva, who also played a big role in the previous administration said that the SLPP earlier strongly opposed the involvement of India and Japan in the proposed Public-Private Partnership (PPP) to develop the ECT.
The former UNP State Minister de Silva said that the government certainly owed an explanation as regards the SLPP’s turnaround having had exploited the ECT issue to the hilt in the run-up to 2019 Nov presidential election as well as 2020 parliamentary election.
Responding to another query, the senior SJB member emphasized that the SLPP’s stand had always been that the ECT would be under the exclusive control of the Sri Lanka Ports Authority (SLPA). Therefore, the Presidential Secretariat statement that the incumbent administration negotiated the ECT agreement afresh with the SLPA having 51 percent of shares and the rest for the foreign investor, MP de Silva said.
Having repeatedly promised the ECT would only be developed by the SLPA, no less a person than President Gotabaya Rajapaksa at a hastily arranged meeting at the Presidential Secretariat on January 13 announced the 51:49 basis between the SLPA and the foreign investor.
The Colombo District lawmaker said: “The Terminal Operating Company was always a 51:49 joint venture with the majority of shares with the SLPA.”
Minister of Ports Rohitha Abeygunawardena, Secretary to the President Dr. P.B. Jayasundera, Secretary to the Ministry of Ports, Chairman of Sri Lanka Ports Authority and other officials and representatives of 23 trade unions had been present at the discussion.
The presidential declaration meant that the SLPP went back on one of its major promises. What had really happened was the SLPP endorsed the previous government strategy on the ECT, MP de Silva said, urging the people to be mindful of their strategies.
The SJB MP stressed that the then Opposition deceived the country with its high profile campaigns in the run-up to national polls in 2019 and 2020. President Gotabaya Rajapaksa told port unions the ECT would be developed with 51 per cent owned by the government and the remaining 49% as an investment by India’s Adani Group and other stakeholders
One-time Ports and Shipping Minister and SLMC leader Rauff Hakeem, now a constituent of the SJB told The Island that the Indian investment therein was nothing but a foregone conclusion. The lawmaker who is afflicted with Covid-19 threw his weight behind the project.
MP de Silva said that Sri Lanka entered into a Memorandum of Cooperation (MOC) with India and Japan in May 2019 on the ECT. The then Ports and Shipping Minister Sagala Ratnayake signed the MOC on behalf of the yahapalana government. Dr. de Silva said that he responded to The Island queries as a parliamentarian of the SJB as the party was yet to take a stand officially.
The agreement on the ECT was the first major investment on ports and shipping sector since China secured strategic Hambantota port on a 99-year lease for USD1.1 bn in 2017.
Trade union sources told The Island that major political parties represented in parliament seemed to be on one page on the ECT issue. The SLPP and the SJB parliamentary groups consisted of 145 and 54 members, respectively. The JVP with just three MPs is alone in campaigning against the agreement on the ECT though port trade unions affiliated to major political parties opposed foreign investment therein.
Former JVP MP Dr. Nalinda Jayatissa alleged that successive governments were bent on parting with critically important national assets. The JVPer asked whether selling national assets was the panacea for Sri Lanka’s ills. If such a strategy paid off, Sri Lanka would have been in a much better position today, the former lawmaker said.
Latest News
Accepting deposits for Local Authorities Election concludes

Accepting deposits from political parties and independent groups who intend to contest the forthcoming Local Authorities Election ended at 12noon today [19].
Deposits were accepted at respective District Secretariats from 3rd March 2025.
The Elections Commission has announced that the deadline for the accepting of nominations for the LA poll is set to conclude at 12:00 noon tomorrow (20).
Latest News
Former IGP Deshabandu Tennakoon has appeared before the Matara Magistrate’s Court

It has been reported that the former Inspector General of Police (IGP) Deshabandu Tennakoon has appeared before the Matara Magistrate’s Court this morning (19),
The former IGP had been evading arrest after the Matara Magistrate’s court had ordered his arrest regarding a shooting incident that took place in front of the W15 Hotel Pelena, Weligama, Matara, in 2023.
News
Ex-Minister ordered to pay loan interest in arrears for 24 yrs

The government has begun recovering funds obtained by former Lands and Land Development, Environment and Wildlife Resources Minister SM Chandrasena for the Janatha Lanka Chilli Marketing Limited (JLCML), which he headed, Parliament was informed yesterday.
Agriculture, Livestock, Land, and Irrigation Minister Namal Karunaratne said that as the Chairman of JLCML, Chandrasena had obtained a loan of Rs. 1,275,000 from the Mihintale Govijana Seva Bank in 2001.
The principal of the loan had not been repaid until the end of last year. “After we came to power, we demanded that the loan be settled. Then, we discovered that the interest on the loan had not been paid for the past 24 years, and attempts had been made to have the loan written off. We stopped that and are now in the process of recovering the interest of Rs. 1,975,233 on the loan,” Karunaratne said.
Karunaratne added that JLCML was registered as a company with the Registrar of Companies on March 21, 2001. As Chairman of the company, Chandrasena requested a loan of Rs. 10 million on April 19, 2001, for the purpose of purchasing chillies from farmers in 12 farmer colonies in the Mihintale Agrarian Service area.
The request was approved by the Mihintale Agrarian Service Committee on the same day and referred to the Anuradhapura District Agrarian Operations Committee, which approved it on April 23, 2001. However, the Agriculture Development Commissioner General recommended that a loan of Rs. 1.2 million would suffice for this purpose. JLCML took the loan and failed to repay it until the end of last year. When the matter was raised, the principal was paid, and we are now in the process of recovering the interest that was not paid for the past 24 years,” Karunaratne added.
By Saman Indrajith
-
Foreign News4 days ago
Search continues in Dominican Republic for missing student Sudiksha Konanki
-
Features7 days ago
Richard de Zoysa at 67
-
Features4 days ago
The Royal-Thomian and its Timeless Charm
-
News5 days ago
DPMC unveils brand-new Bajaj three-wheeler
-
Features4 days ago
‘Thomia’: Richard Simon’s Masterpiece
-
Features7 days ago
SL Navy helping save kidneys
-
Sports2 days ago
Sri Lanka to compete against USA, Jamaica in relay finals
-
Features6 days ago
Women’s struggles and men’s unions