THE US International Development Finance Corporation (DFC) Wednesday said it has committed $553 million (around Rs 4,600 crore) to support the development of the Adani Group’s deepwater shipping container terminal in the Port of Colombo, Sri Lanka.
The port’s West Container Terminal is being developed by a consortium involving Adani Ports and SEZ, Sri Lankan group John Keells Holdings and the Sri Lanka Ports Authority. Adani Ports holds a 51 per cent stake in the container terminal of the port, which also has a terminal run by China Merchants Port Holdings Co Ltd.
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