Adani and Sri Lanka sign BOT deal on Colombo Port

India’s Adani Group today signed a Build-Operate-Transfer (BOT) agreement with its local partner John Keells Holdings PLC and the Sri Lanka Ports Authority (SLPA) to develop the West Container Terminal (WCT) of the Colombo Port.

Adani Ports and Special Economic Zones Ltd. (APSEZ), India’s largest private ports and logistics company and a key subsidiary of the diversified Adani Group, had in March received a Letter of Intent (LOI) from the Ministry of Ports and Shipping of Sri Lanka and the Sri Lanka Ports Authority, acting on behalf of the Government of Sri Lanka, pursuant to approval from the Sri Lankan Cabinet of Ministers for the development and operations of West Container Terminal (WCT) in Colombo, Sri Lanka.

APSEZ then said it will partner with John Keells Holdings PLC, Sri Lanka’s largest diversified conglomerate, and with the Sri Lanka Ports Authority (SLPA) as a part of the consortium awarded this mandate.

The WCT will be developed on a Build, Operate and Transfer basis for a period of 35 years as a public-private partnership. WCT will have a quay length of 1400 meters and alongside depth of 20 meters, thereby making it a prime transhipment cargo destination to handle Ultra Large Container Carriers. (Colombo Gazette)

4 COMMENTS

  1. The country has been given footholds to a few world powers. Eventually, one power will try to undermine the other power. This may lead to disaster. One superpower may end up using terrorism then others will follow suit. I see what is coming, it will be like Pakistan and Afghanistan, bombs will go off all the time. South Asia has utter fools, this region will never come up.

  2. John Keells Holdings PLC Shares to go through the roof next week and Ajith Nivard Cabraal will celebrate and claim this as a proof of his success.

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