2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bangladesh
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Nepal
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India
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Myanmar
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Detailed explanation-1: -Sri Lanka on Tuesday said it will develop the West Container Terminal (WCT) at the Colombo Port along with India and Japan.
Detailed explanation-2: -Adani International Port Holdings will have majority stakes of 51%, John Keells would hold 34%, and the SLPA, 15%. The first phase of the project is expected to be completed by the end of 2024, and the second phase, by mid-2026, authorities said.
Detailed explanation-3: -The Adani Group will become the first Indian port operator in Sri Lanka as construction of the Colombo Port’s Western Container Terminal (WCT) is set to start on Wednesday. The group will have the majority stake in the West Container International Terminal Joint Venture (JV) which is valued at $700 million.
Detailed explanation-4: -(a) to (d) India, Sri Lanka and Japan had signed a trilateral Memorandum of Cooperation (MoC) in May 2019 to develop and operate the East Container Terminal (ECT) of Colombo Port.