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’s construction has made the Adani Group the country's first Indian port operator there. In the $700 million JV for the West Container International Terminal, the group will own a majority interest. According to reports, the build-operate-tra...

The Western Container Terminal (WCT) in the Colombo Port’s construction has made the Adani Group the country's first Indian port operator there. In the $700 million 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 per cent and local company John Keells to the tune of 34 per cent. Contact: Adani Group Tel: 079-2656 5555 Website: www.adani.com

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