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WCT of Colombo Port to be developed as PPP with Adani Group

2 March 2021 10:58 am - 8     - {{hitsCtrl.values.hits}}

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The Cabinet of Ministers has approved the proposal to develop the West Container Terminal on Build, Operate and Transfer basis for a period of 35 years as a public-private partnership with Adani Ports and Special Economic Zone Limited and its local representative John Keels Holding PLC , and the Sri Lanka Ports Authority. 

The Cabinet had approved on February 1 to develop the West Container Terminal of Colombo South Port as a Public-Private Limited Company in collaboration with the Sri Lanka Ports Authority and parties nominated by Indian and Japanese Governments.

Accordingly, the Build, Operate and Transfer Plan approved by the Negotiating Committee had been forwarded to the High Commission of India and the Embassy of Japan requesting them to nominate investors. 

However, no investor has been named by the Japanese government.

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  Comments - 8

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  • RoaringCreek Tuesday, 02 March 2021 12:15 PM

    Rushing to get Indian support to vote against the UNHRC resolution. They may even sell the citizens soon.

    Michael Ranasinghe Tuesday, 02 March 2021 01:04 PM

    What a drama is created before eventually giving one terminal to the exact same party against whom the trade union show ponies screamed hoarse .

    VJ Tuesday, 02 March 2021 01:11 PM

    Definitely an attempt to bribe India for a vote in support of SL at the UNHRC.

    Dee Tuesday, 02 March 2021 02:45 PM

    Congratulations!

    Violated sovereignty Tuesday, 02 March 2021 02:58 PM

    Why give to India? They will interpere in our internal appairs. We are a sovereign country.

    Senaka Tuesday, 02 March 2021 03:19 PM

    Without Adani there is no hope for Sri Lanka.

    Punchi Banda Tuesday, 02 March 2021 04:09 PM

    Not sure whether India would like this, since they need to start from scratch and would consume cost

    Politico Wednesday, 03 March 2021 02:13 AM

    Another Chinese plan to hoodwink India.


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