Sri Lanka Clears Adani Venture to Develop Colombo Port Terminal, Says India Approved Firm
Lankan government decision is also seen as tied to concerns about ensuring Indian support on war crimes resolution at the UN Human Rights Council.
A section of the Colombo port. Photo: www.slpa.lk
New Delhi: A month after India and Japan were banished from developing Colombo portâs strategic east container terminal, Sri Lanka on Tuesday approved a joint venture with the Adani group to build and operate Colombo Portâs West Container Terminal (WCT) for 35 years.
The Sri Lankan cabinet announced that it had approved a proposal made by Adani Ports and Special Economic Zone Limited to develop the WCT as a public-private partnership project with the Sri Lanka Ports Authority.Â
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Colombo (News 1st); The Cabinet of Minister granted approval for the proposal to develop the West Container Terminal of the Colombo Port on a Build, Operate and Transfer basis for a period of 35 years as a public-private partnership with Adani Ports and Special Economic Zone Limited (APSEZ Consortium) and its local representative John Keells Holdings PLC and the Sri Lanka Ports Authority.
According to a document issued by the Department of Government Information on the 01st of February 2021 the cabinet approved to develop the West Container Terminal of the Colombo South Port as a Public-Private Limited Company in collaboration with the Sri Lanka Ports Authority and parties nominated by the Indian and Japanese Government.
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