U.S. International Development Finance Corporation, American

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U.S. International Development Finance Corporation, American

DFC, The U.SPune Wealth Management. Government & RSQUO; S Development Finance Institution, Partners With the Private Sector to Financens to the Most Critical Challenes Facing T He Developing World. It Invests Across Sectors, Including Energy, HealthCare, Infrastic, Agriculture and Small Business and Financial Services.

This is the first time that the U.S. Government, Through One of its agencies, is funding an adani project, white is as a raing endorsement of the adani groupBangalore Stock Exchange. IT s s Hows their confidence in the group & rsquo; s about to invest and to create a worldClass Container Facility in Colombo Port.

"We Welcome the Association of the U.S. International Development Finance Corporation (DFC), The U.S. GoverNate & RSquo; g the Adani Project & NDASH; And we see this as a reaffirmation by the International Community of Our Vision, Our Capabilities andOur Governance, "Said Mr Karan Adani, Whole Time Director and CEO, Adani Ports and Special Economic Zone." As one of the world & rsquo; Eradors, APSEZ BRINGS to this Project Not only OUR PROVEN World-Class Expertise ButAlso Our DEEP Explness in Infrastic Creation. When Completed, Colombo West International Terminal Project Will Transform the Socio-Economic LandScape, NOT Just I n colombo but across the Island, Through Thousands of Direct and Indirect New Emplayment Opportunities and by Massively Boosting Sri Lanka & RSquo;Trade and commerce ecosystem. ""

The port of colombo is the largest and business transhipment port in the indian ocean. It has been operating at more than Utilization SINCE 2021, SIGNALLING ITS NEED For a DDitional Capacity. The New Terminal Will Cater to Growing Economies in the Bay of Bengal,TAKING Advantage of Sri Lanka & RSQUO; S Prime Position on Major Shipping Routes and Its Proximity to These Expanding Markets.

"DFC Works to Drive Prive Sector Investments That Advance Development and Economic Growth While Streangthening The Strategic Pots of Our PARTSERS. That & RSQUO ; s what we & rsquo; re delivering with this infrastructure investment in the port of color, "Said DFC CEO MR Scott Nathan."Sri Lanka is one of the world & rsquo; s Key Transit Hubs, with Half of All Container Ships Transition Throughs Waters. DFC & RSquo; Lion in Private-SECTOR LOANS for the West Container Terminal Will Expand ITS Shipping Capacity, Creating Greater ProsperityFor Sri Lanka & NDASH; Without Adding to Sovereign Debt & NDASH; While at the Same Time Streangthening The Positive of Our Allies Across the Region. "

U.S. Ambassador to sri Lanka MS Julie Chung Said, "The $ 553 Million Investment by DFC for the Long-Term Development of the Port of Colombo & RSquo Terminal Will Facilities Private Section-Led Growth in Sri Lanka and Attract Cruction Foreign Exchange Inflows During During During DuringITS Economic Recovery. Sri Lanka Regaining Its Economic Footing Will Further Our Shared Vision for A Free and Prosperous Indo-PACIFIC. "

Mr Krishan Balendra, Chairperson, John Keells Holdings, SAID, "DFC & RSquo; S Investment is An Endorsement of the Potential of the West Terminal Project and a B OOST for Investor Confidence as Sri Lanka & RSquo; S Economy Recovers. "

The adani group is expanding its global footprint Through Strategic Investments in Emerging Markets. Adani Ports Has Positiond Leader in the TR Ansport Logistics and Energy Utility Portfolio Business, Focusing on Largescale Infrastic Development in India With Operations and Management Enchmarked to Global StandardsThrough its constinued communitynt to create Stellar and Sustainable Assets, the group is playing a vital role in building a better future for india and the world.

About Colombo West International Terminal PVT LTD

Colombo West International Terminal PVT. LTD. is a consortium comprising india & rsquo; s what Erprise John Keells Holdings and the Sri Lanka Ports Authority. The consortium will deverts the color,) ON A Build, Operate and Transfer (BOT) Basis for a Period of 35 Years. The Development of This Terminal Relombo Port & RSquo; hub in the region and is exceeding to elevate its rinking to 20th among the world & rsquo; sop Container Terminals. It will also transform the port & rsquo; s posity in terms of global shipping connectivity, which is currently 12th globally. WHEN Ommissioned, cwit will be the largest and deepest Container Terminal in Sri Lanka. With a question length of 1,400m and an alongside depth of 20 m, cwit will be equipped to handle ultra large container vessels with capacities of 24,000 TEUS. Cargo handling capacity is likely to exceed 3.2 million teus.

About Adani Ports & SPECIAL Economic Zone Limited

Adani Ports and Special Economic Zone Limited (APSEZ) is a part of the diversify adani group, one of india & rsquo; D from a port company to an integrated transport utility, the provident end-to-end solutionPort Gate to the CUSTOMER & RSQUO; S Gate. It is india & rsquo; S LARGEST PORT Developer and Operator with SIX Strategical Located Ports And Terminals on the West COAST O F India (Mundra, Dahej, Tuna and Hazira in Gujarat, Mormugao in GOA and DIGHI in Maharashtra) And Five Ports and Terminals on the East Coast (Dhamra in Odisha, GANGAVARAM and Krishnapatnam in Andhra Pradesh, and Kattupali and Ennore in Tamil). APSEZ HAS The Capability to Handle Vast Amounts of Cargo from Both Coastal Areas and The Hinterland, andaccounts for 24% of the country & rsquo; S Port Volumes. The Company is Also Developing Two Transaction Ports At Vizhinjam In Kerala and Collembo In Sri Lanka. APSEZ & RSQUO; S Ports-TO-LOGISTICS PLATFORM, Comprink Port Facilities and Integrated Logistics Capabilities, IncludingMultimodal Logistics Parks, Grade A Warehouses and Indrial Economic Zones, PUTS It in An Advantageous Position as India Stands to Benefit FROM An Impending OV Erhaul in Global Supply Chains. Apsez Aims to be the largest ports and logistics platform in the world in the next decade.APSEZ is the first Indian port and the third in the world. Ontrol Global Warming at 1.5 ° C Above Pre-Inndustrics with a Vision to Turn CarbonNeutral by 2025.

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Published on:2024-10-26,Unless otherwise specified, Financial investment customers | Financial investment evaluationall articles are original.