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Adani Ports Announces it Is Developing Colombo Port WCT Project
The company said it has received a letter of intent from the Sri Lankan authorities.
A general view of the Colombo port. Photo: Reuters/Dinuka Liyanawatte
New Delhi: About two weeks after the Sri Lankan cabinet approved the project, Adani Ports announced that it will develop and operate the Colombo port’s West Container Terminal (WCT) for a period of 35 years.
Adani Ports was earlier supposed to have been developing the East Container Terminal as part of a 2020 trilateral pact between India, Japan and Sri Lanka. However, the Sri Lankan government withdrew from that pact and decided to develop the East Container Terminal through its state firm, under pressure from trade unions and opposition parties. ....

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