mo4ch:>India & Japan look to stem China’s growing regional influence with Sri Lanka port deal | Mo4ch News

In an attempt to bring some balance to China’s growing domination across the Indian Ocean region, Delhi and Tokyo agreed to jointly develop Sri Lanka’s largest and busiest seaport, Colombo.India, Japan and Sri Lanka are planning to sign a memorandum of understanding (MoU) in the near future. The agreement is aimed at expanding the port by increasing its volume and transportation capacities.Nearly 90 percent of Sri Lanka’s seaborne goods currently pass through the Colombo port, which is located on the west coast and serves as an important terminal in Asia due to its strategic location in the Indian Ocean. The port connects the country with Europe, the Middle East, Africa and Asia.Also on rt.comBelt and Road to boost China’s growth over next four decadesIn 2017, the port of Colombo handled the traffic of 6.21 million twenty-foot equivalent units (TEU). Last year, maritime transport data analyst Alphaliner ranked the sea hub as the World’s highest container growth port.The joint project …