India’s Modi concerned over excessive delays in Sri Lanka joint projects

ECONOMYNEXT – India’s Prime Minister Narenda Modi has expressed concern over excessive delays in joint venture projects with Sri Lanka, at a meeting with Prime Minister Ranil Wickremesinghe.

Prime Minister Modi has requested that projects on which memoranda of understanding had been signed be fast-tracked at a meeting in New Delhi.

Prime Minister Modi had said that spent the most amount of time on diplomatic efforts with Sri Lanka, but he was saddened at the response by Sri Lanka.

If there was any doubt or suspicion about these projects, Sri Lanka was requested to discuss any such concerns.

Prime Minister Wickremesinghe had said that there was no suspicion or misunderstanding on his part of the people of Sri Lanka and he regretted any mis-understanding on this matter.

Wickremesinghe had promised to expedite agreed projects.

Sri Lanka was expected to build a container terminal with an international shipping firm in which both an Indian firm and Sri Lanka Ports Authority would have a stake. President Sirisena reportedly opposed the deal.

Sri Lanka was also expected to build a joint venture liquid natural gas power plant after President Maithripala Sirisena halted a coal plant with India, which was just about to start construction.

There is an ongoing deal to jointly manage an Airport in Matttal in Southern Sri Lanka. (Colombo/Sept22/2018)





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