Key Points
New Delhi: The US International Development Finance Corporation (DFC) has announced$553 million in funding to Colombo West International Terminal Private Limited a consortium of companies including Indias Adani Group to help develop a deep water container terminal in the Port of Colombo...
The US investment of half a billion dollars in support of the deep water container shipping terminal in Sri Lanka will provide critical infrastructure for the South Asian region, the US Embassy in Sri Lanka said in a statement Wednesday...
The new terminal reflects DFCs commitment to financing high-quality infrastructure The investment further demonstrates the United States enduring commitment to Sri Lankas economic growth and its regional economic integration, including with India, the US Embassy said...
The Adani group signed the build-operate-transfer agreement with its Sri Lankan partner John Keells Holdings and the Sri Lanka Ports Authority (SLPA) in September 2021 to develop and run the Port of Colombos Western Container Terminal..
DFCs commitment of $553 million in private-sector loans for the West Container Terminal will expand its shipping capacity, creating greater prosperity for Sri Lanka without adding to sovereign debt,Scott Nathan, CEO of the DFC, said Tuesday at the ceremonial launch of the new terminal...
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