Western Container terminal project (WCT) – Sri Lanka

  • March 3, 2021
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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Western Container terminal project (WCT) – Sri Lanka

Subject: International relations

Context: After walking out of the Eastern Container Terminal, the Sri Lanka has offered West Container Terminal (WCT) to Indian and Japanese companies with 85% stakes.

Concept:

  • The WCT is strategically located next to a $500-million Chinese-run container jetty within Colombo’s sprawling port.
  • The project will be on Build, Operate and Transfer basis for a period of 35 years as a public-private partnership with Adani Ports and Special Economic Zone Limited and its local representative John Keels Holding PLC, and the Sri Lanka Ports Authority.
International Relations Western Container terminal project (WCT) – Sri Lanka