In a bid to regain the full management of the East Container Terminal (ECT) of the Colombo International Harbour to the Sri Lanka Ports Authority (SLPA), the President, Prime Minister and the subject Minister Johnston Fernando are to hold a special discussion soon, State Minister of Ports Development Affairs Kanaka Herath said. The previous government signed a Memorandum of Cooperation (MoC) in May 2019, with India and Japan to jointly develop the ECT. According to the MoC, while the SLPA holds 100% ownership of the terminal, a joint venture formed among the three countries will run the operations of the terminal. However, 51% of the shares of the joint venture company will also be owned by the SLPA.