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US Lends $553m to Adani Colombo Port JV Amid China Rivalry
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5.6K views · 259 reactions | #VantageOnFirstpost: The US has announced a loan of $553 million to build a new terminal at Sri Lanka's Colombo port. The project is being built by a consortium in which India's Adani group has a 51% stake. The announcement signals increasing cooperation between India and the US to counter China's BRI. Palki S Upadhyay tells you more. | Firstpost | Facebook
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In March 2015, the Sri Lankan government halted the #ColomboPort City project mainly due to pressure from India. http://on.china.cn/1WLXKKS | China.org.cn
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We monitor development having bearing on our security interests: I…
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