Adani’s West Terminal completion expected Q1 FY25

Sri Lanka’s Colombo Port continues to grow in alignment with global maritime developments, with a significant investment from the Adani Group. The Adani Group acquired a portion of the West Terminal, which is expected to open in the first quarter of 2025. Despite facing financial challenges due to a fraud case in the US, S&P Ratings has given a negative outlook on the group’s financial backing. However, the Colombo West International Terminal (CWIT) is on track to open as planned in March 2025, signaling the continued development of the port.

To support the expansion, CWIT is set to receive additional equipment, including three Yard Gantry Cranes (CRMGs) and two Ship-to-Shore (STS) cranes by December 1st. This will increase the terminal’s fleet, adding to the existing two STS and eight CRMGS cranes. By January 2025, the terminal expects to receive four more STS cranes, bringing the total number to eight, and increasing the yard gantry cranes to eighteen.

The Port of Colombo is poised for further growth, with a goal of increasing its container handling capacity in the next two years. With the expansion of CWIT and the continued development of the port, Sri Lanka is well-positioned to remain a key transshipment hub in international trade, with a target of reaching 15 million TEUs by 2026.

Source: Maritime Gateway