The United States has committed more than $500 million in financing to support the development of a deep-water shipping container terminal in the Port of Colombo, Sri Lanka’s capital, officials announced on Nov. 8.
About $553 million will go toward the terminal project at the port—the largest and busiest transshipment port in the Indian Ocean—and will “provide critical infrastructure” for the South Asian region, according to the U.S. International Development Finance Corp. (DFC).
