John Keells Holdings confirms proposed involvement in West Terminal of Colombo Port

News

John Keells Holdings PLC (JKH) on Monday confirmed its involvement in the soon-to-be-started West Container Terminal (WCT) of the Colombo Port, as the local partner of the Indian developer.

In a disclosure to the Colombo Stock Exchange, JKH said it was the local partner of the Adani Ports and Special Economic Zone Ltd (APSEZ) that a consortium consisting of APSEZ and JKH received a Letter of Intent (LOI) from the Ministry of Ports and Shipping and the Sri Lanka Ports Authority, acting on behalf of the Government of Sri Lanka, to develop and operate the WCT in the Port of Colombo as a public private partnership project pursuant to the approval granted by the Cabinet of Ministers.

“The WCT is a part of Colombo’s south port development - WCT is a deep-water terminal with an alongside depth of 20 metres and annual capacity of approximately 3 million TEUs. A concession agreement is expected to be executed in due course. JKH will have a material equity stake in the project,” JKH Deputy Chairman Gihan Cooray said in a statement. The two parties were earlier engaged in investing in the East Container Terminal which was later abandoned after the government said I would be developed by state.

Comments

Still No Comments Posted.

Leave Comments

Most Reviews

May 31, 2025

- 466 - 0

Flt Lt Kasun Cumaratunga , more than a pilot, a guardian remembered on his 37th death anniversary

Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred

June 2, 2025

- 436 - 0

National Tax week launched

The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.

June 2, 2025

- 333 - 0

SriLankan Airlines’ new A330 Fleet to perform low fly past over Colombo on Wed.

May 30, 2025

- 250 - 0

In Pix: Weather situation in Colombo

May 29, 2025

- 250 - 0

Mahindananda and Nalin Fernando Jailed

Former Sports Minister Mahindananda Aluthgamage and former Sathosa Chairman Nalin Fernando have sentenced to 20 and 25 years respectively after they were found guilty in a case of fraud.

June 3, 2025

- 174 - 0

Krishanthi Kumaraswami convicts FR dismissed by SC

The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.