The Port of Colombo has secured a $40 million investment package from the International Finance Corporation (IFC) and HSBC to fund modernization and decarbonization efforts.
Sri Lankan officials confirmed the deal on Monday, marking a significant step in upgrading the terminal's infrastructure and operational efficiency.
The funding is designed to enhance the port's competitiveness in the region while aligning with global sustainability standards.
By integrating green technologies and improving logistics capabilities, the project seeks to reduce the facility's carbon footprint and streamline cargo handling processes.
This modernization effort is critical for maintaining the port's status as a key transshipment hub in the Indian Ocean.
The investment comes as Sri Lanka continues to attract international capital to support its economic recovery and infrastructure development.