The “Gateways to Growth” webinar, held virtually on 12 August 2025, marked a significant step in strengthening economic and trade relations between the United States, Sri Lanka, and the Maldives.
The high-level event convened an influential group of diplomats, policymakers, port authorities, and more than sixty US business representatives, highlighting a shared commitment to expanding strategic and commercial partnerships across the Indo-Pacific.
Participants included US Ambassador to Sri Lanka, Julie J. Chung; US Ambassador to the Maldives, Hugo Yon; Ean Hundley, Director of ICT and Infrastructure Policy at the US International Development Finance Corporation (DFC); Dustin Bickel, Regional Indo-Pacific Strategy Coordinator at the US Embassy in Colombo; and Carey Arun, Principal Commercial Officer for Southern India, Sri Lanka, and the Maldives at the US Commercial Service in Chennai.
They were joined by senior officials from the Sri Lanka Ports Authority (SLPA), led by Managing Director Engineer Ganaka Hemachandra, accompanied by Director of Marketing and Business Development, U. Kumara, and Chief Engineer – Development, C. L. Dasanayake, along with representatives from Maldives Ports Limited.
The event was coordinated by Jennifer Sosa, International Trade Specialist at the US Commercial Service Virginia/DC, whose team ensured the discussions were strategically aligned with tangible trade and investment objectives.
Central to the dialogue was Sri Lanka’s positioning as a maritime global logistics hub, leveraging its prime geographic location along key East–West shipping lanes.
The Port of Colombo’s steady growth in transshipment volumes — with over three-quarters of its container traffic serving regional redistribution — and ambitious capacity expansion plans were presented as pivotal to the region’s supply chain resilience.
By 2030, Colombo’s handling capacity is projected to triple, reaching 25 million TEUs with major developments such as the West Container Terminal, East Container Terminal, and North Port projects. These investments, coupled with new multimodal logistics infrastructure, are designed to ease congestion, boost value-added services, and position Sri Lanka as a premier gateway for South Asian trade.
The SLPA presentation also highlighted a pipeline of infrastructure projects extending beyond Colombo, including the development of Trincomalee as an industrial hub, the Galle Port cruise terminal project, and the rehabilitation of the Kankesanthurai (KKS) harbour.
Strategic equipment procurements, ranging from hybrid straddle carriers to high-capacity electric cranes, as well as investments in digital port community systems, shore power supply, and green energy initiatives, reflect Sri Lanka’s commitment to operational excellence and environmental sustainability.
For US businesses, these projects present a broad range of opportunities in engineering, logistics, technology integration, and marine services.
A notable dimension of the webinar was the role of the US International Development Finance Corporation (DFC) in facilitating project finance.
The DFC’s mandate to mobilise private capital into strategic sectors such as critical minerals, modern infrastructure, and advanced technology aligns closely with the priorities of both Sri Lanka and the Maldives.
With tools including debt financing, political risk insurance, equity investments, and project development support, the DFC’s Indo-Pacific portfolio — valued at US$8.88 billion — positions it as a potential catalyst for turning these port and infrastructure blueprints into bankable realities.
In her remarks, Ambassador Chung emphasised the strategic and economic significance of the Indian Ocean as a conduit for global trade, energy shipments, and regional integration.
She stressed that a robust US–Sri Lanka economic partnership could contribute not only to bilateral prosperity but also to a more secure and connected Indo-Pacific.
Ambassador Yon echoed this sentiment, highlighting the Maldives’ ambitions to expand its maritime economy in harmony with its tourism sector, and inviting US firms to play a role in these long-term developments.
From a diplomatic standpoint, “Gateways to Growth” reinforced the importance of sustained, high-level engagement between governments, private sector stakeholders, and development finance institutions.
The US Commercial Service’s involvement ensured that discussions were not merely conceptual, but also practical, with pathways identified for US exporters, service providers, and investors to engage directly in forthcoming tenders, feasibility studies, and procurement processes.
While the scale and ambition of the port and logistics projects in Sri Lanka and the Maldives are significant, the consensus was that collaborative investment, technical expertise, and robust policy alignment could translate these plans into measurable trade and economic gains.
For US firms, the opportunities span infrastructure development, advanced logistics, renewable energy integration, marine engineering, and tourism-related ventures — sectors where American innovation and capital can deliver strong returns while supporting the sustainable growth of two strategically located Indian Ocean nations.
Leave a comment