Adani Group will handle management of the ECT Colombo Terminal operations
Sri Lanka has
decided that India’s Adani Group will handle management of the East Container
Terminal (ECT) operations.
SLPA will hold 51 per cent of
the stake
Sri Lanka Port
Authority (SLPA) sources have indicated that authorities have conceptualized
the operations of the ECT by handing over management of the terminal to the
Indian government-preferred Adani Group which will have a 49 per cent stake
along with its local partner – John Keells Holdings. SLPA will hold 51 per cent
of the stake.
Adani Group is
also building a port in Vizhingham to act in competition to the Colombo Port at
the time they commenced work.
Cabinet decision sent down to
the SLPA to commence operations at the ECT immediately
A Cabinet decision
recently taken by the Sri Lankan Government had been sent down to the SLPA to commence
operations at the ECT immediately and in this respect the vessel that had
already been in the harbour had been brought into the terminal sans pomp and
ceremony, SLPA Chairman Gen. Daya Ratnayaka was quoted as saying. He noted “We
were so lucky” to have a vessel to bring in to commence operations adding that
it is a huge relief in getting things started.
The Colombo Port
has been getting congested lately and operationalizing the terminal will be
advantageous, port sources said.
