Reported about 3 hours ago
India's Adani Group is set to double the capacity of the $840 million Colombo West International Terminal months ahead of its February 2027 deadline, despite withdrawing $553 million in U.S. funding. The fully automated terminal, which opened its first phase in April, is expected to handle 3.2 million containers annually upon completion of the final phase by late 2026, significantly enhancing Colombo's port throughput. The project reflects Sri Lanka's strategic importance amid geopolitical competition in the Indian Ocean.
Source: YAHOO