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Adani group to confirm Colombo Port deal

Date: 01 October 2021 Tags: India & World
  • The Adani Group will sign a build-operate-transfer (BOT) agreement with its local partner John Keells Holdings and the Sri Lanka Port Authority (SLPA), to jointly develop its West Container Terminal (WCT).
  • President Gotabaya Rajapaksa announced the involvement of the Adani Group in the WCT, after controversially ejecting India and Japan out of the East Container Terminal (ECT) project.
  • The cancellation of the tripartite agreement on the ECT project was a major cause of strain in bilateral ties, with New Delhi voicing concern over Colombo reneging on a commitment made in 2019.