U.S. COMPETES WITH CHINA OVER PROPOSED SRI LANKA PORT
The US announced a $553- million project Wednesday to build a new, deep-water shipping container terminal in the Port of Colombo, in Sri Lanka, as it competes with China in international development financing. The project, financed with private loans, is billed as providing critical infrastructure for the South Asian nation with the potential to “transform Colombo into a world-class logistics hub at the intersection of major shipping routes and emerging markets,” according to the US International Development Finance Corp.































