Explained: The Adani Group’s recent port deal in Sri Lanka
The Hindu
As per the 35 year-long BOT agreement, the Adani Group will have majority, 51%, stakes, while John Keells would hold 34%, and the SLPA, 15%.
On September 30, 2021, the Gujarat-headquartered (BOT) agreement with Sri Lanka’s largest listed company John Keells Holdings and the Sri Lanka Ports Authority (SLPA) the Colombo West International Container Terminal (CWICT) at the strategically advantaged Colombo Port, located amidst one of the busiest shipping routes in the world.
Primarily a container port, the Colombo Port has handled over 5 million TEU of containerised cargo. It has five functional terminals.
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