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Adani to partner with Sri Lanka's biggest firm for Port terminal


Adani to partner with Sri Lanka’s biggest firm for Port terminal
The project cost is estimated to be around $750 million
(Photo: AFP)
. Updated: 16 Mar 2021, 12:18 PM IST Bloomberg
India’s biggest private port operator got a letter of intent from Sri Lankan authorities to build and operate the West Container Terminal of Colombo Port for 35 years
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Adani Ports and Special Economic Zone Ltd. will work with Sri Lanka’s John Keells Holdings Plc to develop a port terminal in the island nation, billionaire Gautam Adani’s first such standalone overseas project.
India’s biggest private port operator got a letter of intent from Sri Lankan authorities to build and operate the West Container Terminal of Colombo Port for 35 years, Adani Ports said in an exchange filing Monday. The project cost is estimated to be around $750 million, according to Daya Ratnayake, chairman of Sri Lanka Ports Authority. ....

Sri Lanka , Sri Lankan , West Container Terminal , Colombo Port , Adani Ports , Adani Sri Lanka , ஸ்ரீ லங்கா , ஸ்ரீ லங்கன் , மேற்கு கொள்கலன் முனையத்தில் , கொழும்பு போர்த் , அதானி போர்ட்ஸ் , அதானி ஸ்ரீ லங்கா ,

Adani Ports Announces it Is Developing Colombo Port WCT Project


Adani Ports Announces it Is Developing Colombo Port WCT Project
The company said it has received a letter of intent from the Sri Lankan authorities.
A general view of the Colombo port. Photo: Reuters/Dinuka Liyanawatte
New Delhi: About two weeks after the Sri Lankan cabinet approved the project, Adani Ports announced that it will develop and operate the Colombo port’s West Container Terminal (WCT) for a period of 35 years.
Adani Ports was earlier supposed to have been developing the East Container Terminal as part of a 2020 trilateral pact between India, Japan and Sri Lanka. However, the Sri Lankan government withdrew from that pact and decided to develop the East Container Terminal through its state firm, under pressure from trade unions and opposition parties. ....

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