+
Adani Group becomes first Indian operator in Sri Lanka's port sector
PORTS & SHIPPING

Adani Group becomes first Indian operator in Sri Lanka's port sector

The Western Container Terminal (WCT) in the Colombo Port is slated to begin construction on Wednesday, making The Adani Group the country's first Indian port operator there.

In the $700 million joint venture (JV) for the West Container International Terminal, the group will own a majority interest.

According to reports, the build-operate-transfer (BOT) agreement is the "biggest" foreign investment in Sri Lanka's port history and will last for 35 years.

The jointly developed project will be owned by the government-run Sri Lanka Ports Authority to the tune of 15% and local company John Keells to the tune of 34%.

Following the protest by Sri Lankan labour unions and some political parties, a Memorandum of Understanding (MOU) signed with India and Japan on the development of the Eastern Container Terminal (ECT) in 2019 was revoked.

Also read:
Paradip port will be able to handle 500 MMT by 2047
Work on Kerala’s Bhavanapadu, Bandar ports to begin in Dec


The Western Container Terminal (WCT) in the Colombo Port is slated to begin construction on Wednesday, making The Adani Group the country's first Indian port operator there. In the $700 million joint venture (JV) for the West Container International Terminal, the group will own a majority interest. According to reports, the build-operate-transfer (BOT) agreement is the biggest foreign investment in Sri Lanka's port history and will last for 35 years. The jointly developed project will be owned by the government-run Sri Lanka Ports Authority to the tune of 15% and local company John Keells to the tune of 34%. Following the protest by Sri Lankan labour unions and some political parties, a Memorandum of Understanding (MOU) signed with India and Japan on the development of the Eastern Container Terminal (ECT) in 2019 was revoked. Also read: Paradip port will be able to handle 500 MMT by 2047 Work on Kerala’s Bhavanapadu, Bandar ports to begin in Dec

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code