IFC backs Port of Colombo modernisation
The $40m funding for South Asia Gateway Terminals, including from HSBC, aims to improve twin-lift ship-to-shore cranes which will help increase productivity, improve operational reliability and reduce energy use.
The International Finance Corporation (IFC), a member of the World Bank Group, and HSBC are investing up to $40 million through financing for South Asia Gateway Terminals (SAGT) to modernise and decarbonise its operations at the Port of Colombo.
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