The
Sri Lankan government will call for Expression of Interest (EOI) from the top
ten shipping companies in the world next month for the expansion of the Colombo
Port by implementing the Colombo North Port project and the phase II of the
West Container Terminal (WCT).
Deputy
Minister of Ports and Aviation Janitha Kodithuwakku said that the Colombo Port
is currently in operation with half a dozen of terminals with five dedicated
for container handling. He said plans
are in place to expand the port with the addition of new terminals to make it a
marine hub in the real sense. He said the port will be expanded close to the
Kelani River once the north port is developed.
The
feasibility study has already been done for undertaking expansion work. The
phase I of the WCT is now under development. The first cargo ship is likely to
reach Adani-John Keells Holdings (JKH) WCT) in Colombo Port in the first
quarter of 2025. It is jointly developed by India’s Adani Ports and Special
Economic Zones Ltd. and Sri Lanka’s largest private conglomerate John Keells
Holdings PLC.
The U.S. International
Development Finance Corp (DFC) said in 2023 that it would provide $553 million
in financing for the port terminal project. However, Adani Ports and Special
Economic Zone Ltd (APSE.NS) withdrew from such financial assistance later. Sri
Lanka is one of the world’s key transit hubs, with half of all container ships
transiting through its waters.