Adani Group’s Sri Lankan Port Expansion Continues Amid Uncertainty

Work on the Sri Lankan port’s expansion, led by the Adani Group, is progressing as planned, with phase one set for completion in early 2025. Despite uncertainty surrounding $553 million in American funding due to the indictment of Adani executives, Sirimevan Ranasinghe, chairman of the Sri Lanka Ports Authority, confirmed construction is ongoing and financing is the joint venture’s responsibility.