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Adani Ports Announces it Is Developing Colombo Port WCT Project


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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Sri Lanka Clears Adani Venture to Develop Colombo Port Terminal, Says India 'Approved' Firm


Sri Lanka Clears Adani Venture to Develop Colombo Port Terminal, Says India Approved Firm
Lankan government decision is also seen as tied to concerns about ensuring Indian support on war crimes resolution at the UN Human Rights Council.
A section of the Colombo port. Photo: www.slpa.lk
New Delhi: A month after India and Japan were banished from developing Colombo port’s strategic east container terminal, Sri Lanka on Tuesday approved a joint venture with the Adani group to build and operate Colombo Port’s West Container Terminal (WCT) for 35 years.
The Sri Lankan cabinet announced that it had approved a proposal made by Adani Ports and Special Economic Zone Limited to develop the WCT as a public-private partnership project with the Sri Lanka Ports Authority.  ....

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