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CONSTRUCTION of the Western Container Terminal (WCT) - Colombo's fifth marine container terminal - has begun, reports London's Port Technology.
Adani Ports and Special Economic Zone (APSEZ) is carrying out the project with partner John Keels Holdings and the Sri Lanka Ports Authority (SLPA).
Adani signed the build-operate-transfer (BOT) agreement in September 2021 to develop and operate the West Container Terminal with an investment of US$700 million.
India's largest port operator will hold a 51 per cent stake in the terminal and John Keels Holding will own 34 per cent. The remaining 15 per cent of the stake will be owned by SLPA.
In the first phase, the company will build an 800 metre-long and 20-metre-deep quay that can handle 1.6 million TEU annually.
Upon completion, the terminal will have a total quay length of 1,400 metres, an alongside depth of 20 metres and an annual capacity of 3.2 million TEU.
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