Adani Ports and Special Economic Zone Ltd. announced the commencement of operations at the Colombo West International Terminal, situated at the Port of Colombo.
Colombo West International Terminal, a major public–private partnership, is managed by a team including India’s largest port operator APSEZ, Sri Lanka’s John Keells Holdings, and the Sri Lanka Ports Authority under a 35-year agreement, according to an exchange filing on Monday.
This $800 million project boasts a 1,400-metre quay and 20-metre depth, allowing it to handle about 3.2 million containers yearly. It is Colombo’s first fully automated deep-water terminal and aims to speed up cargo handling, improve ship turnaround time, and strengthen the port’s position as a major hub in South Asia, the filing said.
Construction started in early 2022. With advanced infrastructure nearly ready, CWIT is set to become a leader in efficient and reliable maritime operations in the region, it said.
“The CWIT project will create thousands of direct and indirect jobs locally and unlock immense economic value for the island nation,” said Gautam Adani, chairman of the Adani Group.
“It also stands as a shining example of the deep-rooted friendship and growing strategic ties between the two neighbours, and of what can be achieved through visionary public–private partnerships. Delivering this world-class facility in record time also reflects the Adani Group’s proven ability to efficiently execute large-scale critical infrastructure projects anywhere in the world,” Adani said.
Source: NDTV Profit
