IFC and HSBC are putting up to $40 million into South Asia Gateway Terminals at the Port of Colombo. The package includes a $20 million sustainability-linked loan from IFC and a $20 million green loan from HSBC. The money will buy twin-lift ship-to-shore cranes that cut energy use and CO2 while boosting quayside productivity by at least 11 percent. This is IFC's first sustainability-linked financing for infrastructure in Sri Lanka and its return to port investment after two decades. The port handles nearly half of global container traffic passing nearby and contributes about 2.5 percent of Sri Lanka's GDP. The deal aims to strengthen Colombo's position as a regional transshipment hub while lowering emissions and creating more jobs for women in the sector.
