Joint venture with India, Japan and Sri Lanka as partners to develop the
strategic Trincomalee Port was being discussed among the political leadership
of the island, diplomatic sources said according to Sri Lankan media reports
Initial talks were held between New Delhi and Colombo, but with Tokyo also
having expressed an interest in developing the Trincomalee Port, a trilateral
partnership was in the offing, sources revealed.
The establishment of a Joint Working Group to discuss improvements to the
port, petroleum and other industries in Trincomalee, was mandated following
talks between Prime Minister Ranil Wickremesinghe and Indian Prime Minister
Narendra Modi, in New Delhi, in April this year.
Sources said that both India and Japan awaited the Sirisena-Wickremesinghe
governments master plan for developing the port city of Trincomalee, prior to
making commitments on the quantum of investments they were prepared to make.
The duo has finalysed the port deal with a Chinese company for developing the
strategic Hambantota port.
As part of the strategic balancing act the island nation is planning to
hand over the north eastern port of Trincomalee to a Japanese Indian combine.
For the domestic audience the Lankan leadership keeps saying that the
operational control of the ports will be vested with Sri Lankan Port authority
Since 2003 improvements to the Lower Tank section of the Trincomalee Oil
Tank Farm have been effected by Lanka IOC. The ongoing discussions are centred
on development of the Upper Tank section as well.