Adani-led Sri Lanka Container Terminal to Double Capacity Early

India's Adani Group and its partners are on schedule to complete the expansion of an $840 million container terminal in Colombo, Sri Lanka, several months ahead of its projected completion date. This accelerated timeline was reported by Reuters, citing an executive from partner firm John Keells Holdings. The second and final phase of the project is now anticipated to conclude by late 2026, surpassing the original February 2027 deadline. Once operational, the expanded terminal will double its capacity, enabling it to handle 3.2 million containers annually and significantly increasing the port's overall throughput. This expedited development is progressing despite Adani's withdrawal of a request for $553 million in U.S. funding for the project. The container terminal, a significant infrastructure investment, benefits from a strategic location adjacent to a facility operated by China Merchants Port Holdings. Furthermore, it plays a crucial role in managing substantial business originating from India.