Adani opts out of US funding for SL port; will use own resources
Ahmedabad Mirror|December 12, 2024
The US IDF had agreed to give $553 mn loan to support development of Colombo port
Adani opts out of US funding for SL port; will use own resources

Billionaire Gautam Adani's group has pulled out of a loan deal with a US agency to fund a port terminal in Sri Lanka, saying it will use its own resources for the project.

In an exchange filing late on Tuesday, Adani Ports and Special Economic Zone Ltd (APSEZ) said the project "is on track for commissioning by early next year".

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