INDIA's adani Ports and Special Economic Zone (APSEZ) joined Sri Lankan conglomerate John Keells Holdings to build, operate, transfer (BOT) the Colombo West International Container Terminal (CWICT).
The period of the agreement with the Sri Lankan Port Authority (SLPA) is for 35 years and the new terminal will add 3.2 million TEU of capacity to the Sri Lankan port, reports Colchester's Seatrade Maritime News.
'With the signing of the agreement, and the massive development thereafter, the Port of Colombo will further enhance its global reputation as an international hub port,' SLPA said.
The completed terminal will have a quay length of 1,400 metres. John Keells said in a stock exchange announcement that construction of the first phase of CWICT was expected to start in early 2022 with its 600 metre quay operational 24 months later. The remainder of the terminal is expected to take a further 24 months to complete.
Last month, Inchcape Shipping Services formed a joint venture with John Keells Holdings to offer services to ease voyage logistics, reported the American Journal of Transportation.
SeaNews Turkey
The period of the agreement with the Sri Lankan Port Authority (SLPA) is for 35 years and the new terminal will add 3.2 million TEU of capacity to the Sri Lankan port, reports Colchester's Seatrade Maritime News.
'With the signing of the agreement, and the massive development thereafter, the Port of Colombo will further enhance its global reputation as an international hub port,' SLPA said.
The completed terminal will have a quay length of 1,400 metres. John Keells said in a stock exchange announcement that construction of the first phase of CWICT was expected to start in early 2022 with its 600 metre quay operational 24 months later. The remainder of the terminal is expected to take a further 24 months to complete.
Last month, Inchcape Shipping Services formed a joint venture with John Keells Holdings to offer services to ease voyage logistics, reported the American Journal of Transportation.
SeaNews Turkey
