March 15, 2021
Likely to invest $1 billion
A consortium led by Adani Ports and Special Economic Zone Ltd (APSEZ) has received a letter of intent from the Sri Lankan government to build and run the West Container Terminal (WCT) at Colombo Port with an investment of some $1billion.
India has been looking for a terminal presence in Colombo port a regional transhipment hub through which a large portion of India’s export-import cargo containers are transhipped for strategic and security considerations.
On March 1, the Sri Lankan Cabinet approved the development of WCT on a government-to-government agreement with India.
“The letter of intent was issued to APSEZ on Monday,” a government official with knowledge of the development said, asking not to be named.
By Shamindra Ferdinando
Two F 7 GS multi-role jet fighters brought the SLAF’s flypast at the Galle Face Green on Wednesday (3) to an end. The flypast conducted to mark the 70th anniversary of the SLAF was definitely the largest ever such show held either during the conflict or in the post-war period. Sri Lanka brought the war to a successful conclusion on the morning of May 19, 2009, on the banks of the Nanthikadal lagoon.
The conclusion of the flypast, featuring Bell 212, Bell 412 helicopters, Mi-17 helicopters, Cessna 150 aircraft, B200 Beech King aircraft, MA-60 aircraft, followed by a pair of F 7 GS jets, paved the way for a superlative IAF aerobatics display
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