From Delhi's LiveMint:
Details of the stake holding are still being worked out after a review of the project following labor protests that had stalled the deal before parliamentary elections in August, people with knowledge of the matter said
India’s Adani Group is the front-runner to develop Sri Lanka’s stalled East Container Terminal in Colombo port, people with knowledge of the matter said, helping billionaire Gautam Adani expand his port business overseas.
Adani Ports and Special Economic Zone Ltd. and a local partner received an in-principle approval to sign a deal with Sri Lanka Ports Authority, which will hold majority stake in the project, the people said, asking not to be identified citing rules for speaking with the media.....
...Sri Lanka -- which emerged from a three-decade civil war in 2009 -- was known for taking Chinese loans to fund vast infrastructure projects, including ports and highways, that eventually became part of Beijing’s Belt and Road Initiative. Its appetite for Chinese cash waned after rising debt forced it to sell the Hambantota port back to China Merchants Port Holdings....
....MUCH MORE
Related:
Geostrategy: "In a remote corner of Sri Lanka, China built billions of dollars of high-end infrastructure that now sits virtually abandoned. Was that the plan all along?"
New Sri Lanka government wants to undo deal to lease port to China for 99 years"
Meanwhile, the Bangladeshis are watching India watching China.
From the Dhaka Tribune, November 30:
India offers funds to Sri Lanka in bid to outdo China
