Construction of West Container Terminal (WCT) in Colombo Port started
Posted by Editor on November 9, 2022 - 10:30 am
The construction of the West Container Terminal (WCT) in the Colombo Port commenced this morning (November 09).
This is a Build-Operate-Transfer (BOT) project by India’s Adani Group, its local partner John Keells Holdings together with Sri Lanka Ports Authority with an investment of over USD 700 million.
The terminal is to be developed on a 35-year Build, Operate, and Transfer (BOT) basis with the aforementioned stakeholders.
The port terminal will have a quay length of 1,400 metres and a depth of 20 metres, making it a prime trans-shipment cargo destination to handle ultra-large container carriers, according to the filing from Adani Ports.
It will be the first-ever Indian port operator in Sri Lanka and hold 51% in the joint venture.
Latest Headlines in Sri Lanka
- Sri Lanka’s state revenue surges to record Rs. 834 Billion in first quarter 2024 April 26, 2024
- Army soldier killed, 9 injured in Mankulam cab-lorry collision April 26, 2024
- Electricity trade unions to take legal action against Sri Lanka Electricity Bill April 26, 2024
- Gotabaya Rajapaksa refutes Cardinal Ranjith’s allegations on Easter Sunday Attacks April 25, 2024
- Upul Shantha Sannasgala arrested April 25, 2024
