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Government under fire from Maha Sangha over ECT
Ven Medagama Dhammananda Thero said that Ports and Airports are valuable resources to a country and as such, Sri Lanka has to re-think about the ways in which it can manage these resources and declare our authority on it and go forward.
He said that when the Maha Sangha backed the present government at the presidential and parliamentary elections, they had their complete faith in the President that he will carry out the country’s affairs while safeguarding the country’s national resources.
Civic groups and trade unions have heavily criticized the government’s efforts to handover a 49% stake of the Colombo Port’s ECT to India’s Adani Group.
“We believe that the President is a person who loves the country,” Ven. Prof. Medagoda Abhayatissa Thero. But since he was elected to power, various entities have been trying to manipulate him”.
Ven. Magalkande Sudantha Thero, the secretary of the Sinhala Ravaya Organization that supported the presidential bid of Gotabaya Rajapaksa, noted that the government that pledged to refrain from allowing the country’s resources to be sold to foreign entities before coming into power, is acting in a contrary manner.
Meanwhile, Ven Elle Gunawansa Thero said that they will come forward to protect the ECT just as the Sacred Tooth Relic protects the Dalada Maligawa.

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The video depicts Dr. Senaratne misusing her official powers to coerce a senior official of the SLSI, the Director of Marketing and Promotion, to brief the media as per her instructions.
The video shows the Director of Marketing and Promotion being pressured by the DG to state how ophthalmologists and dermatologists in the country have affirmed that the detergent 'sodium dodecyl benzene sulfonate' (SDBS) found in Unilever soap bars is not harmful to the body.
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UNP clarifies its stance on the ECT
The Memorandum of Corporation was signed between the Sri Lankan, Indian and Japanese Governments to lease out the terminal to a Terminal Operating Company.
The Terminal Operations Company (TOC) was set up with the “exclusive and explicit purpose of providing the equipment and systems necessary for the development of the ECT and managing the ECT”.
The development and operations of the ECT was to be carried out over two phases. Phase “A” was to consist of the operation of the existing 600 meter quay length with the necessary terminal handling equipment. Funding for this phase was to be provided via a US $190 million loan from JICA.
Furthermore, the Governments of Sri Lanka and Japan were undergoing negotiations to sign Exchange of Notes under highly concessionary conditions. Accordingly the loan provided by JICA would be done so at an interest rate of 0.1% for a period of 40 years, with a grace period of 12 years. Japan has continually funded the development of the Colombo Port since 1977.
The construction of phase “B” with a loan obtained by the Sri Lankan Government would ensure that ownership of the East Container Terminal would be retained. In the case of an investment in the terminal by other parties, the Government does not have exclusive ownership.
Other details were to be negotiated in accordance with clause 3 & 5 as stipulated in Memorandum of Corporation, by a Joint Working Group comprising representatives of the three Governments. None of these matters had been finalized.
The decision of the management of the TOC had to be taken jointly by the three Governments.
At the time of President Gotabaya Rajapaksa assuming office, India had not formally informed us of the company which they would nominate. It was indicated that it would be the Adani Group.
The agreement negotiated by the UNP while in Government was one that was beneficial and safeguarded the Colombo Port as the leading container port in South Asia.

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