The US International Development Finance Corporation (DFC) announced it will invest $553 million in the Colombo West Container Terminal.
Financing will go towards the development and construction of a deep-water container terminal at the Port of Colombo that will expand shipping capacity in the wider Indo-Pacific region, create jobs for Sri Lankans, and grow Sri Lanka’s economy.
DFC’s private sector-driven investments in Sri Lanka of close to $1 billion have positioned the country as DFC’s second-largest market in the entire Indo-Pacific region.
DFC chief meets President
Meanwhile, Chief Executive Officer of the US International Development Finance Cooperation Scott Nathan and American Ambassador to Sri Lanka Julie Chung met with President Ranil Wickremesinghe yesterday (07).
US ambassador to Sri Lanka Julie Chung said discussions centred on the economic reforms based on good governance and efforts towards attracting quality investment. She reaffirmed that the United States is committed to supporting inclusive growth by empowering Sri Lanka’s private sector.
