SL proposes developing investment plan with Japan

Prime Minister Ranil Wickremesinghe and Japanese Prime Minister’s Special Advisor Dr. Hiroto Izumi at Temple Trees

• PM and top Japanese official discuss range of projects including East Container Terminal to be developed with Japanese assistance 
  
   

The development of an investment plan between Sri Lanka and Japan was discussed during a high level meeting between Sri Lankan Prime Minister Ranil Wickremesinghe and Japanese Prime Minister’s Special Advisor Dr. Hiroto Izumi last week. 

Dr. Izumi reaffirmed his Government’s commitment to develop the East Container Terminal of the Colombo South Harbour as a joint venture partnership with Sri Lanka and India.He made these statements at a meeting he had with the Prime Minister at Temple Trees.

Prime Minister Wickremesinghe met Dr. Izumi, Japanese Ambassador Akira Sugiyama, and his team today at Temple Trees.

“We made great progress on Japan-Sri Lanka economic cooperation,” the Prime Minister said.

“East Container Terminal of the Colombo South Harbour will remain under the ownership of Sri Lanka while there will be a joint venture with the partnership of Sri Lanka, India and Japan to manage the terminal. Bandaranaike International Airport expansion project will also receive Japanese assistance. Light Railway Transit (LRT) project is now underway,” Prime Minister Wickremesinghe said. 

“An LNG terminal will be built in Sri Lanka with Japanese assistance. Under the Greater Kandy Urban Development Plan, the City of Kandy will be developed with an aim to preserve the landscape and attract tourists, in line of the master plan developed for the City of Kyoto, Japan,” the Prime Minister further added. 

In the meeting the two sides also discussed the freedom of navigation in the Indian Ocean. 

Ministers Mangala Samaraweera, Ravi Karunanayake, Kabir Hashim, Malik Samarawickrama, Sagala Ratnayaka and Prime Minister’s Secretary Saman Ekanayake, Secretary Treasury Dr. R.H.S. Samarathunga were also present in the meeting.