SLPA Signs the Agreement for The Largest Investment Ever In Port Sector of Sri Lanka

The landmark agreement was signed between the Sri Lanka Ports Authority (SLPA),  Adani Group and  John Keells Holdings for the period of 35 years


An agreement has signed on 30th September 2021 to jointly develop the Colombo West International Container Terminal (CWICT) of the Port of Colombo (POC). The   Build-Operate-Transfer (BOT) agreement worth more than USD 700  million is the largest foreign investment ever in the port sector of  Sri Lanka. The agreement was signed between the Sri Lanka Ports Authority (SLPA),  Adani Group and  John Keells Holdings. The period of agreement is 35 years.

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SLPA’s Chairman– Capt. Nihal Keppetipola and Managing Director Mr.Upul Jayatissa signed the agreement on behalf of Sri Lanka Ports Authority (SLPA). On behalf of the Adani Ports & SEZ its  President – Capt.Sandeep Mehta and on behalf of the local partner John Keells Holdings its Chairman Krishan  Balendra signed the agreement.

The agreement was signed with the participation  of the Minister of Ports and Shipping Hon.Rohitha Abeygunawardena, the Indian High Commissioner to Sri Lanka – His Excellency Gopal Bagley,  the Secretary to the Ministry of Ports and Shipping Mr.U.D.C.Jayalal and the Vice Chairman of SLPA Dr.Prasantha Jayamanna. The President of Adani Ports and SEZ Limited (APSEZ) – Capt. Sandeep Mehta, its  Chief Executive Officer Mr. Karan Adani and the High Commissioner of Sri Lanka to India His Excellency Milinda Moragoda joined the occasion from India via online.

The commencement of the CWICT will add more than   03 million annual TEU capacity to the Port of Colombo.

With the signing of the agreement, and the massive development thereafter,  the Port of Colombo will further enhance its global reputation as an international hub port. SLPA believes this will strengthen cooperation between regional economies.  The port sector and the strengthening of the country’s national economy will also benefit from this investment.

Additional Secretary (Development) to the Ministry of Ports and Shipping –  Mrs.Kumari Somarathna, Additional Managing Director (Technical) of SLPA – Mr.Susantha Abeysiriwardena, Director (Finance) of SLPA – Mrs. Shirani Wanniararachchi, Chief Law Officer – Ms.Aparna Thilakarathne, Chief Engineer (Planning and Development) – Ms. F.N.Hussain,  Directors and a number of Heads of Divisions of SLPA and several higher officials of John Keells Holdings also joined the occasion.

Minister of Ports and Shipping Hon. Rohitha Abeygunawardena meets the Indian High Commissioner to Sri Lanka – His Excellency Gopal Bagley at the occasion.
SLPA’s Chairman– Capt.Nihal Keppetipola and Managing Director Mr.Upul Jayatissa sign the agreement on behalf of Sri Lanka Ports Authority (SLPA). Local partner John Keells Holdings its Chairman Krishan Balendra sign the agreement.

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