The chairman of the Adani Group, Gautum Adani has thanked the Sri Lankan government for the opportunity to develop the Western Container Terminal of the Colombo Port. He said that this partnership between India and Sri Lanka is a symbol of the deep strategic relations between the two countries.
"Grateful to the leaders of GoI, GoSL, SLPA & John Keells for the opportunity to build WCT, Colombo. This partnership is a symbol of the deep strategic relations between countries with great intertwined history. It will launch decades of container growth," Adani said on Twitter.
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 USD 1billion, the Hindu reported.
APSEZ will own a majority stake of 51 per cent in the terminal, while local partners John Keels Holding PLC will hold 34 per cent and the Sri Lanka Ports Authority (SLPA) will have the balance 15 per cent equity.
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.
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