WCT of Colombo Port to be developed as PPP

Business local Srilanka

The West Container Terminal (WCT) of the Colombo Port is approved to be developed as a Public-Private Limited Company in partnership with India’s Adani Ports and Special Economic Zone Limited (APSEZ Consortium) along with its local representative John Keells Holding PLC (APSEZ Consortium), and Sri Lanka Ports Authority (SLPA).

On February 01, the Cabinet decided to develop the WCT as a Public-Private Limited Company in collaboration with the SLPA and parties nominated by Indian and Japanese governments.

Accordingly, the Build, Operate, and Transfer Plan approved by a Cabinet Appointed Negotiation Committee had been forwarded to the High Commission of India and Embassy of Japan to nominate investors.