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Adani Ports-led consortium gets LoI to build west container terminal at Colombo Port


March 15, 2021
Likely to invest $1 billion
A consortium led by Adani Ports and Special Economic Zone Ltd (APSEZ) has received a letter of intent from the Sri Lankan government to build and run the West Container Terminal (WCT) at Colombo Port with an investment of some $1billion.
India has been looking for a terminal presence in Colombo port a regional transhipment hub through which a large portion of India’s export-import cargo containers are transhipped for strategic and security considerations.
On March 1, the Sri Lankan Cabinet approved the development of WCT on a government-to-government agreement with India.
“The letter of intent was issued to APSEZ on Monday,” a government official with knowledge of the development said, asking not to be named. ....

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After Scrapping Eastern Container Terminal Agreement, Sri Lanka Offers Western Container Terminal For India And Japan


After Scrapping Eastern Container Terminal Agreement, Sri Lanka Offers Western Container Terminal For India And Japan
by Swarajya Staff - Mar 3, 2021 08:54 AM
Colombo Port (thetravelguru/Wikimedia Commons)
After scrapping an agreement to develop a strategic East Container Terminal (ECT) at the Colombo port with help from India and Japan, the Sri Lankan government has decided to offer the West Container Terminal (WCT) to Indian and Japanese companies.
According to the Sri Lankan government’s department of information, the Lankan cabinet “has approved the proposal to develop the West Container Terminal on Build, Operate and Transfer basis for a period of 35 years as a public-private partnership with Adani Ports and Special Economic Zone Limited and its local representative John Keels Holding PLC, and the Sri Lanka Ports Authority.” ....

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