Adani to develop container terminal at Colombo port
PORTS & SHIPPING

Adani to develop container terminal at Colombo port

Adani Ports and Special Economic Zone (APSEZ) is set to develop the West Container Terminal (WCT) at Colombo Port in a partnership with Japan after the Sri Lankan Government approved the project through a tripartite understanding with India and Japan.

The terminal will have a 1,400 m quay wall, water depth of 20 m, terminal area of about 64 hectares with an annual capacity of 2.6 million twenty foot equivalent units (TEUS).

Japan and India will jointly own an 85% stake in the terminal, on the lines of the Colombo International Container Terminals Ltd (CICT), in which China Merchants Port Holdings Company Ltd of China holds 85% stake and Sri Lanka Ports Authority (SLPA) holds the remaining stake.

The WCT is the fifth container terminal at Colombo Port, and is being offered to India and Japan after the Sri Lankan Cabinet scrapped a tripartite memorandum of cooperation (MoC) signed in May 2019 with the two nations to jointly develop the East Container Terminal (ECT) at Colombo Port.


4th Indian Cement Review Conference 2021

17-18 March 

Click for event info


Last month, Sri Lanka's Ministry of Ports and Shipping also proposed to develop the West Container Terminal (WCT) in parallel with the ECT as a public-private partnership (PPP) project under build-operate-transfer (BOT) basis for 35 years by a joint venture (JV) comprising SLPA and nominees of the government of India and Japan based on the framework used in developing the CICT.

The CICT framework included a BOT tenure of 35 years, one-time upfront payment, an annual payment of land lease and royalty based on the containers handled at the terminal.

Based on the CICT framework, it was decided by the then Sri Lankan government that this model could be successfully used for the development of subsequent container terminals, revisiting the payments to be received by SLPA based on the comparative size of the terminal area and improved business opportunity in the port of Colombo.

This will give the Indo-Japan team operational flexibility to operate commercially in line with other private operators.

Image Source


Also read: Sri Lanka opts out of port deal with India

Also read: Efforts underway to operationalise infra links with CMLV countries

Also read: India signs up to boost infra projects in Maldives

Adani Ports and Special Economic Zone (APSEZ) is set to develop the West Container Terminal (WCT) at Colombo Port in a partnership with Japan after the Sri Lankan Government approved the project through a tripartite understanding with India and Japan. The terminal will have a 1,400 m quay wall, water depth of 20 m, terminal area of about 64 hectares with an annual capacity of 2.6 million twenty foot equivalent units (TEUS). Japan and India will jointly own an 85% stake in the terminal, on the lines of the Colombo International Container Terminals Ltd (CICT), in which China Merchants Port Holdings Company Ltd of China holds 85% stake and Sri Lanka Ports Authority (SLPA) holds the remaining stake. The WCT is the fifth container terminal at Colombo Port, and is being offered to India and Japan after the Sri Lankan Cabinet scrapped a tripartite memorandum of cooperation (MoC) signed in May 2019 with the two nations to jointly develop the East Container Terminal (ECT) at Colombo Port.4th Indian Cement Review Conference 202117-18 March Click for event info Last month, Sri Lanka's Ministry of Ports and Shipping also proposed to develop the West Container Terminal (WCT) in parallel with the ECT as a public-private partnership (PPP) project under build-operate-transfer (BOT) basis for 35 years by a joint venture (JV) comprising SLPA and nominees of the government of India and Japan based on the framework used in developing the CICT. The CICT framework included a BOT tenure of 35 years, one-time upfront payment, an annual payment of land lease and royalty based on the containers handled at the terminal. Based on the CICT framework, it was decided by the then Sri Lankan government that this model could be successfully used for the development of subsequent container terminals, revisiting the payments to be received by SLPA based on the comparative size of the terminal area and improved business opportunity in the port of Colombo. This will give the Indo-Japan team operational flexibility to operate commercially in line with other private operators. Image Source Also read: Sri Lanka opts out of port deal with India Also read: Efforts underway to operationalise infra links with CMLV countries Also read: India signs up to boost infra projects in Maldives

Next Story
Technology

AirBrick Infra Sets Rs 1 billion Target, Expands to Dubai and Tier-II Cities

AirBrick Infra, one of India’s fastest-growing AI-led commercial interior design and build firms, has announced a sales order target of Rs 1 billion for FY 2025–26. The projection represents a 50 per cent growth over the previous fiscal year and reflects rising demand, increased repeat business, and the company's robust tech-first delivery model.  Now in its third year of operations, AirBrick continues its rapid scale-up, having successfully delivered over 70 projects spanning 3 lakh sq ft in FY 2023–24. FY 2024–25 witnessed the onboarding of several Fortune 500 clients, sett..

Next Story
Resources

Virtusa Foundation Powers Green Education Drive in Bengaluru

The Virtusa Foundation, CSR arm of digital engineering and technology leader Virtusa Corporation, has announced key infrastructure and mobility initiatives at the Ramakrishna Mission, Shivanahalli, Bengaluru. The launch marks the inauguration of a 16-room residential facility for lady teachers and the deployment of two solar-powered electric buses, underscoring Virtusa’s commitment to its core pillars of Education, Environment and Empowerment (3Es).  Located on the forest fringe near Bannerghatta National Park, the initiative supports tribal and underserved communities, complementi..

Next Story
Infrastructure Urban

Godrej Enterprises Drives India’s Smart Green Logistics Shift

As India accelerates its transformation into a global manufacturing and logistics hub, Godrej Enterprises Group (GEG) is taking the lead with its smart, sustainable intralogistics solutions. Through its Material Handling Equipment (MHE) and Storage Solutions businesses, GEG is redefining operational efficiency in modern warehouses and factories using IoT, automation, and AI. GEG has consistently maintained a 20–25 per cent market share in the intralogistics sector over the past three years. Today, over 37 per cent of GEG’s revenues come from its Good & Green portfolio, and its net..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?