Sri Lanka, Jan. 1 -- The part divestment of the East Container Terminal (ECT) is expected to limit the capacity of the state to reap the benefits of the ending of the leasehold on the adjacent South Asia Gateway Terminals (SAGT).

The Professionals National Front opposes any attempt by the state to divest national assets to private and foreign parties.

The new extension with deep water container terminal capacity of the port of Colombo was initiated by former Prime Minister Ranil Wickremesinghe. Wickremesinghe obtained US$ 450 million financing from the Asian Development Bank in a manner that prevented full state ownership of every terminal.

The PNF expressed these sentiments on December 30, 2020 at the Organisation of Professional Asso...