Front-liner
PORTS & SHIPPING

Front-liner

Adding a new notch to his long belt of achievements, Gautam Adani’s Adani Group now becomes the first Indian port operator in Sri Lanka. This achievement comes after the construction of the West Container Terminal began in Colombo Port. Adani Group will have the majority stake in the West C...

Adding a new notch to his long belt of achievements, Gautam Adani’s Adani Group now becomes the first Indian port operator in Sri Lanka. This achievement comes after the construction of the West Container Terminal began in Colombo Port. Adani Group will have the majority stake in the West Container International Terminal Joint Venture (JV) which is valued at a whopping $700 million. The build-operate-transfer (BOT) agreement which is to remain valid for 35 years, is said to be the largest foreign investment ever in Sri Lanka's port history! The terminal is expected to increase the Colombo Port's capacity to three million TEU a year. It is reported that nearly 45 per cent of Colombo's trans-shipment volumes start from or are destined to an Adani Ports and Special Economic Zone (APSEZ) terminal in India.

Related Stories

Gold Stories

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 86574 75330

Join us Telegram

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back