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ADB, Sumitomo Mitsui back Colombo port expansion

The Asian Development Bank and Sumitomo Mitsui Banking are teaming up in Sri Lanka to almost triple berthing capacity at Colombo's container port. (Photo by Takafumi Hotta)

MANILA -- The Asian Development Bank (ADB) and Japan's Sumitomo Mitsui Banking Corp. (SMBC) are advising the Sri Lankan government on a $500- million port expansion project in Colombo.

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