- Sri Lanka will ink the long-dragging deal with India to jointly develop the Trincomalee oil tank farms — a coveted project that has remained controversial for decades.
- During the Second World War, the British built the Trincomalee oil tank farms to serve as a refuelling station, adjacent to the Trincomalee port, an enviable natural harbour.
- If the deal is finalised and signed next month, it will not only mark the culmination of India’s 16-month-long negotiation with the ruling administration but will also give shape to a proposal envisaged 35 years ago, in the Indo-Lanka Accord.