The International Finance Corporation (IFC), based in Washington, is preparing a financing package valued at $20 million for South Asia Gateway Terminals (SAGT), a subsidiary of John Keells Holdings. This funding will be allocated for the acquisition of ship-to-shore cranes.

According to an IFC filing, “The investment could potentially include the Managed Co-Lending Portfolio Program (MCPP), with the remaining amount sourced from a parallel lender.” The statement added, “These crane upgrades will enhance SAGT’s competitiveness and productivity, while also reducing fuel consumption and emissions.”

SAGT holds the distinction of being Sri Lanka’s first private port terminal, with IFC providing support at its inception, including equity investment. Notably, four out of the ten ship-to-shore cranes have reached the end of their operational lifespan.

(Colombo/Feb02/2026)