Adani backs out of $533mn US loan for Sri Lanka port
Wednesday, 11 December 2024
Adani Ports has withdrawn its request for a $553 million loan from the US International Development Finance Corporation (IDFC) for a Sri Lankan port project. Facing US fraud allegations, the company will now self-fund the Colombo West International Terminal development, originally slated to begin operations this month but now expected by early 2025.
|
||||
|
|
||||
You Might LikeRelated news from verified sources
|
||||
