The above agreement which is to be signed between Sri Lanka and China Merchant Port Holdings Company aims at preparing future plans, financial provision, operational promotion and development of infrastructure including completed phase I and II and proposed phase III.

The implementation of the agreement will be supervised by a Cabinet Subcommittee chaired by Minister of Special Assignments (Dr.) Sarath Amunugama. The ministers; Malik Samarawickrama, Arjuna Ranatunga, Susil Premajayantha, Champika Ranawaka, Mahinda Amaraweera and Sagala Ratnayake, Faizer Mustapha are included in the sub-committee.

The agreement has been cleared by the Attorney General.

According to the State Minister of Development Strategies and International Trade, Sujeewa Senasinghe there is no exact date to sign the agreement yet.