Adani Group, John Keells Holdings and the Sri Lanka Ports Authority (SLPA) have signed a 35-year build-operate-transfer (BOT) agreement worth more than US$700m to jointly develop Colombo West International Container Terminal (CWICT) at the Port of Colombo.
The new deep-water terminal will add 3m teu in annual capacity to the leading transhipment hub in South Asia.
The transaction value makes this the largest ever investment in Sri Lanka’s port sector.
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