US DFC to Fund USD 553 mn in Adani JV in Sri Lanka

New Delhi: The US International Development Finance Corporation (DFC) will be investing funds to the tune of USD 553 million in Colombo West International Terminal Pvt Ltd – 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.

DFC is the US government’s development finance institution.

Adani Ports and Special Economic Zone Limited (APSEZ) in a statement said that the US fund will support the development of deepwater shipping container terminal in the Port of Colombo.