No money given to Adani so far for Sri Lankan port project, says US development agency
MUMBAI ; The US International Development Finance Corporation (DFC), which last year committed a half-a-billion-dollar loan to the Adani Group for developing a port in Sri Lanka, has not yet disbursed any money to
Sri Lanka Ports Authority reports nearly 48% rise in container volumes
COLOMBO : The Sri Lanka Ports Authority (SLPA) has reported a record 48 per cent year-on-year (YoY) rise in container volumes in the first quarter (Q1 2024). The total grew from 441,032 to 652,766
Japanese funding to enhance BIA & Colombo Port’s health facilities
COLOMBO : A proposal to use Japanese assistance to improve cross-boarder health preparedness at the Colombo Port and the Bandaranaike International Airport (BIA) in Katunayake has been approved by the Cabinet. The International Organization
Colombo port sees jump in traffic amid Red Sea tensions
COLOMBO : Sri Lanka’s Colombo port has seen a big jump in container volumes in recent weeks as vessels steering clear of tensions in the southern Red Sea have found it a convenient transit
US-Adani deal for Sri Lanka port heats up race with China
NEW DELHI : The US International Development Finance Corporation’s (DFC) announcement of a $553 million investment in the West Container Terminal of Colombo port was not unexpected.The said port is being built by a
