Adani Ports has commenced operations on the Colombo West Worldwide Terminal (CWIT), a significant deep-water facility developed underneath a landmark public–non-public partnership on the Port of Colombo.
The mission is operated by a consortium that features Adani Ports, Sri Lanka’s main conglomerate John Keells Holdings PLC, and the Sri Lanka Ports Authority, underneath a 35-year Construct, Function, and Switch (BOT) settlement. Representing an funding of $800 million, the CWIT terminal contains a 1,400-metre quay size and a 20-metre depth, with the capability to deal with roughly 3.2 million Twenty-foot Equal Items (TEUs) yearly.
CWIT is the primary totally automated deep-water terminal in Colombo and is designed to boost cargo dealing with capabilities, enhance vessel turnaround occasions, and place Colombo as a key transshipment hub in South Asia.
Development started in early 2022, with speedy progress resulting in the graduation of operations this month. Remaining infrastructure installations are nearing completion, and the power is predicted to set new benchmarks for operational effectivity and reliability in regional maritime logistics.
“The graduation of operations at CWIT marks a momentous milestone in regional cooperation between India and Sri Lanka,” mentioned Gautam Adani, Chairman of the Adani Group. “Not solely does this terminal characterize the way forward for commerce within the Indian Ocean however its opening can also be a proud second for Sri Lanka, putting it firmly on the worldwide maritime map.”
Adani mentioned that the CWIT mission will create 1000’s of direct and oblique jobs regionally and unlock immense financial worth for the island nation. “It additionally stands as a shining instance of the deep-rooted friendship and rising strategic ties between the 2 neighbours, and of what could be achieved by visionary public–non-public partnerships,” he added.
John Keells Group Chairperson Krishan Balendra added, “We’re proud to see the progress within the growth of the West Container Terminal, a mission that strengthens Sri Lanka’s place as a regional maritime hub. This mission is without doubt one of the John Keells Group’s largest investments and is among the many most vital private-sector investments in Sri Lanka. Along with the Sri Lanka Ports Authority and the Adani Group, we are going to elevate Colombo’s standing as a number one transshipment hub. We’re assured that the mission will improve international commerce and connectivity within the area.”
