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US invests $553 million in Adani port in Sri Lanka amid growing Chinese influence

US invests $553 million in Adani port in Sri Lanka amid growing Chinese influence

Nov 09, 2023, at 06:36 am

Colombo: U.S. International Development Finance Corporation (DFC) has announced a funding of $553 million in Colombo West International Terminal Pvt. Ltd. (CWIT) – a consortium of India's largest port operator Adani Ports and SEZ Ltd., Sri Lanka's leading enterprise John Keells Holdings (JKH) and the Sri Lanka Ports Authority.