US to Fund $553 Million Container Terminal Project in Sri Lanka Amid Global Competition with China

Trade & Border IssuesHot Spots
Written By Jennifer Joslyn

The United States has announced a $553 million project to construct a deep-water shipping container terminal in Sri Lanka's Port of Colombo. This initiative aims to bolster Sri Lanka's logistics infrastructure, potentially transforming Colombo into a world-class logistics hub. The project is part of the U.S.'s efforts to compete with China in international development financing, and it comes at a time when Sri Lanka is grappling with a financial crisis.

Read more at AP News >

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Jennifer Joslyn
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