Product & Service Launches / Business ExpansionsTransport, Logistics & Infrastructure
š¢ Colombo Port Prepares for Growth as CWIT Reaches 2M TEUs & Launches Phase 2
⢠Key Highlights & Expansion: ⢠CWIT reached the 2 million TEU milestone and launched Phase 2, which will double its container handling capacity from 1.6 million to 3.2 million TEUs. ⢠The terminal represents a total investment of US$ 750 Mn, completed ahead of schedule despite initial economic challenges starting in 2022. ⢠National & Regional Economic Impact: ⢠Solidifies the Port of Colombo as the leading regional maritime hub and gateway to South Asia. ⢠Serves as a vital driver of national growth and a critical generator of foreign exchange for Sri Lanka. ⢠Developed through a key strategic partnership involving John Keells Holdings PLC, Adani Ports and SEZ, and the Sri Lanka Ports Authority (SLPA).
Listen to this article
Duration: 1:00