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US to fund Adani port project in SL

The Morning Standard

|

November 09, 2023

Seen as India and the US strategic move to curtail growing influence of China in Sri Lanka

- ARSHAD KHAN

US to fund Adani port project in SL

A United States government agency, US International Development Finance Corporation (DFC), is funding $553 million to a consortium led by Adani Port & SEZ for the development of a port terminal in Sri Lanka capital Colombo.

The funding is seen as India's and the United State's strategic move to curtail the growing influence of China in Sri Lanka.

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