ADB cash to boost regions prowess

In line with aims to develop a regional container hub for transhipments to the burgeoning Indian ports, Asian Development Bank (ADB) recently announced its plans to fund the expansion of the port at Colombo, Sri Lanka, with a 25-year loan to the Government of Sri Lanka for $300m. 

In line with aims to develop a regional container hub for transhipments to the burgeoning Indian ports, Asian Development Bank (ADB) recently announced its plans to fund the expansion of the port at Colombo, Sri Lanka, with a 25-year loan to the Government of Sri Lanka for $300m.