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West Container Terminal to be developed under joint venture

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COLOMBO (News1st): The government has proposed a project involving a joint venture to develop the West Container Terminal (WCT) of the Colombo.This was after suspending an investment project surrounding the East Container Terminal (ECT).A proposal had been put forward before the cabinet to develop and operate the WCT under a public-private-partnership for 35 years involving the Sri Lanka Ports Authority and two entities named by India and Japan.According to the cabinet proposal submitted by ports and shipping minister Rohitha Abeygunawardana on the 31st of January, the ECT and the WCT must be operating parallelly by 2023 to generate revenue for the Colombo Port in line with the national policy surrounding ports.Accordingly, the WCT is.

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