Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka to get Japanese loans of Rs. 30 billion to improve national road network
Sat, Jan 19, 2013, 03:39 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 19, Colombo: Sri Lanka's cabinet of ministers has granted approval for the government to obtain nearly Rs. 30 billion in loans from Japan for two projects to improve the country's road network.

The government will obtain Japanese Yen 12.381 billion (approximately Rs.18.572 billion) through Japan International Corporation Agency (JICA) to construct 37 major bridges connecting to the National Road Network.

The project aims to construct the major bridges whose overall length is more than 30 meters, in order to improve the national road network.

The government of Japan has also agreed to provide a Japanese Yen 7.619 billion (approximately Rs. 11.423 billion) through JICA to identify landslide prone areas on national roads.

The Landslide Disaster Protection Project of the National Road Network aims to mitigate landslide disasters targeting for A-class national roads in the identified risk areas in the Central, Sabaragamuwa and Uva Provinces.

The President, in his capacity as the Minister of Finance and Planning has submitted the proposals to obtain the loan facilities for both projects.



ColomboPage - Recent 10 Stories
Doubts raised on Pope's visit to Sri Lanka amid snap presidential polls
-- [7 hours ago]
Opposition MPs say election materials are being prepared in Sri Lanka Port Authority Defense Training School
-- [8 hours ago]
Sri Lanka to appeal to Europe Court of Justice on lower court ruling to lift sanctions on LTTE
-- [8 hours ago]
Browns Hotels and Resorts of Sri Lanka to develop four-star hotel in Maldives
India to supply two naval offshore patrol vessels to Sri Lanka - report
Sri Lanka police use water cannons and tear gas to disperse university students' march
Sri Lanka's Sinhala Buddhist extremist group to contest for the upcoming elections
Sri Lanka External Affairs Minister defends ministry secretary against 'unfounded allegations'
Iran calls for expanding politico-economic relations with Sri Lanka
Opposition lawmakers on fact finding mission attacked in Sri Lanka

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.