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.