Adani Ports withdraws DFC funding request for Colombo port project

Quick Summary:

India's Adani Ports and Special Economic Zone Ltd said on Tuesday it would finance its Colombo port terminal project through internal accruals and capital management plan, withdrawing its request for funding from the U.S.

International Development Finance Corp (DFC).

DFC last year said it would provide $553 million in financing for the port terminal project, which is partly owned by the Adani Group.

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Category: EconomyBusiness

Markets: SingaporeIndia

Topics: Experience Project Finance Mediacorp File Port Terminal Adani Group India 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 01:50:43 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 143 words

Reading Time: 1 minutes read

Sentences: 7 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24334367

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