US DFC to fund Adani-led deepwater terminal in Colombo

14 Nov 2023 CW Team

In response to China's expanding influence in the region, the US International Development Finance Corporation (DFC) is set to provide $553 million in funding for the development of a deepwater shipping container terminal at the Port of Colombo. This joint venture is undertaken by Colombo West International Terminal (CWIT), a consortium comprising Adani Ports and SEZ (APSEZ), Sri Lanka's John Keells Holdings (JKH), and the Sri Lanka Ports Authority. The terminal, operating on a build, operate, and transfer (BOT) basis for 35 years, aims to counterbalance China's growing presence in the area.

This marks a significant milestone as it is the first time a US government agency is financing an Adani project, offering relief to the conglomerate amidst scrutiny following the Hindenburg allegations earlier in the year. Described as a "transformative West Container Terminal project in Colombo" by Gautam Adani, chairman of the Adani Group, the initiative is expected to generate substantial employment opportunities, stimulate economic growth, and enhance regional shipping capacity.

The development of Colombo West International Terminal (CWIT) is poised to strengthen Colombo Port's standing as the primary hub in the region, potentially elevating its rank to the 20th position among the world's leading container terminals. Additionally, it is anticipated to reshape the port's global shipping connectivity, currently ranked 12th globally. Once operational, CWIT will emerge as Sri Lanka's largest and deepest container terminal, boasting a quay length of 1,400 meters and an alongside depth of 20 meters. Equipped to handle ultra-large container vessels with capacities of 24,000 TEUs, the new terminal's annual cargo handling capacity is projected to surpass 3.2 million TEUs, according to a statement from the Adani Group.?

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..