The United States has agreed to lend US$553 million to build a new container terminal in the Sri Lankan capital Colombo’s port – a deal that that will see Washington work with India on the island as it grows ties across Asia.
(Bloomberg) Standing before Sri Lankan officials and US diplomats in a five-star hotel in Colombo last week, Karan Adani boasted that a newly inked $553 million US government financing deal toward a port terminal being developed by his family’s conglomerate was a “reaffirmation by the international community.”Most Read from BloombergBiden Has Wiped Away $127 Billion in Student Loan DebtAn Opioid-Like Drink Is Masquerading As a Wholesome Alcohol AlternativeXi Jinping’s ‘Old Friends’ from Iowa
The US International Development Finance Corporation (DFC) is investing $553 million into the construction of the Colombo West International Terminal (CWIT)