February 10, 2025
US lends $553 million for deep-sea terminal in Sri Lanka

Colombo (AFP) Nov 8, 2023

The United States will lend more than $550 million for an Indian-led deep-sea container terminal in Sri Lanka, officials said Wednesday, with the project seen as countering China’s rising influence in the Indian Ocean.

Sri Lanka sits astride the world’s busiest shipping route…
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