Sri Lanka’s John
Keells Holdings is to get a 34 percent stake in a planned West Container
Terminal at Colombo port, while India’s Adani will get 51 percent under 35-year
build-operate-transfer concession, a media report.
Sri Lanka Ports
Authority, the land lord, would get 15 percent Sri Lanka’s The Sunday Times
reported, citing an un-named source.
The parties had
been given 180 days from May 03, for financial closure and to start development
work.
The terminal is expected to increase Colombo port’s capacity by at
least 3.5 million twenty-foot equivalent unit (TEUs).
John Keells
Holdings run the first private terminal in Colombo port South Asia Gateway
Terminal, which set standards for productivity and output.
SAGT said it has
replacing ship-to-store cranes with faster ones to squeeze out more output. Two
new STS cranes would boost capacity by 15 percent a year.