SLPA and global stakeholders back Adani Group’s $1B Colombo project amid global scrutiny and legal clarity.
The Sri Lanka Ports Authority (SLPA) has reaffirmed its support for the Colombo West International Terminal project led by Adani Ports and Special Economic Zone. SLPA Chairman Admiral Sirimewan Ranasinghe (Retd) emphasised that there are no plans to review or terminate the $1 billion agreement, marking it as the largest foreign direct investment in Sri Lanka’s port sector.
The statement came a day after Adani Group clarified that neither Chairman Gautam Adani nor senior officials were implicated in any bribery charges under the US Foreign Corrupt Practices Act. Adani Group has strongly denied all allegations and announced plans for legal action.
Abu Dhabi’s International Holding Company (IHC), a key backer of Adani, reiterated its confidence in the group, stating, “We remain optimistic about these initiatives.”
International commitments to Adani’s ventures remain strong. The Tanzanian government also reaffirmed its support for the 30-year concession deal with Adani Ports for operating Container Terminal 2 at Dar es Salaam Port, finalised in May 2024.
These endorsements highlight the stability of Adani Group’s global projects despite recent scrutiny, with stakeholders emphasising compliance and long-term prospects.
