Colombo Port to Get $40 Million Funding From World Bank's IFC, HSBC

Colombo port to get $40 million funding from World Bank's IFC, HSBC

World Bank's IFC and HSBC are investing $40 million to modernize Colombo port, enhancing its competitiveness and sustainability.

IFC and HSBC invest $40 Million to modernize Colombo Port

The International Finance Corporation (IFC), a member of the World Bank Group, and HSBC have announced a joint investment of up to $40 million in South Asia Gateway Terminals (Pvt) Ltd. (SAGT) to modernize and decarbonize operations at the Port of Colombo, Sri Lanka’s premier maritime gateway.  The financing aims to strengthen the port’s competitiveness, resilience, and sustainability, reinforcing its role as South Asia’s leading transshipment h…

IFC, HSBC provide up to $40 Million to modernize Colombo Port Terminal

(Photo credit: SLPA Facebook Page) The International Finance Corporation (IFC) and HSBC will provide up to $40 million in financing to modernize operations, improve productivity and reduce carbon emissions at South Asia Gateway Terminals (SAGT) in the Port of Colombo. The investment is expected to strengthen the port’s competitiveness, resilience and sustainability while supporting its position as South Asia’s leading transshipment hub and impro…

IFC and HSBC Support Enhanced Competitive and Sustainable Port Infrastructure Development in Sri Lanka

The International Finance Corporation (IFC), part of the World Bank Group, in collaboration with HSBC, is set to invest up to $40 million in South […] The post IFC and HSBC Support Enhanced Competitive and Sustainable Port Infrastructure Development in Sri Lanka appeared first on FINANCIAL CHRONICLE.