Skip to content
Subscriber Only

Adani to Partner With Sri Lanka’s Biggest Firm for Port Terminal

  • Adani Ports to develop West Container Terminal of Colombo Port
  • Project estimated to cost $750 million: Lanka Ports Authority

Adani Ports and Special Economic Zone Ltd. will work with Sri Lanka’s John Keells Holdings Plc to develop a port terminal in the island nation, billionaire Gautam Adani’s first such standalone overseas project.

India’s biggest private port operator got a letter of intent from Sri Lankan authorities to build and operate the West Container Terminal of Colombo Port for 35 years, Adani Ports said in an exchange filing Monday. The project cost is estimated to be around $750 million, according to Daya Ratnayake, chairman of Sri Lanka Ports Authority.