April 2021 \ Business & Investment \ BUSINESS AND GOVERNANCE
Adani Ports bolsters global footprint

Adani Group subsidiary Adani ...

  • Mr Karan Adani

Adani Group subsidiary Adani Ports and Special Economic Zones Ltd (APSEZ) has bagged the contract to develop and operate West the Container Terminal (WCT) in Colombo, making it the first Indian port operator in Sri Lanka.

The company has received a Letter of Intent from Sri Lanka’s Ministry of Ports and Shipping and the Sri Lanka Ports Authority (SLPA) for setting up the container terminal on a Build, Operate and Transfer basis for a period of 35 years on a public-private partnership basis. APSEZ will partner with John Keells Holdings PLC, Sri Lanka’s largest diversified conglomerate, and with the SLPA, as a part of the consortium awarded this mandate. WCT will have a quay length of 1,400 metres and alongside depth of 20 metres, thereby making it a prime transhipment cargo destination to handle ultra large container carriers.

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