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* China to fund construction of Northern Expressway in Sri Lanka
Tue, May 28, 2013, 08:14 pm SL Time, ColomboPage News Desk, Sri Lanka.

May 28, Beijing: China has pledged to provide further funding to develop Sri Lanka's transport sector that includes a number of expressways, road networks and railway lines.

During bilateral discussions held between Sri Lanka and China in Beijing Tuesday, the two countries signed an agreement for China to fund the construction of a new Northern Expressway from Colombo to Jaffna.

As a part of the proposed aid to develop Sri Lanka's transportation sector, the Chinese government will also aid developing a Colombo-Kandy-Kurunegala expressway and extending the southern expressway from Matara to Kataragama.

Sri Lanka's External Affairs Minister Professor G.L. Peiris, speaking to Chinese investors and representatives of the corporate sector of China at an event in Beijing today presented main advantages Sri Lanka can offer as a destination for investment and trade.

The event "Sri Lanka: Promising Business Destination" was organized by the Embassy of Sri Lanka in Beijing and the Export Development Board.

The programme emphasized on matching arrangements between Sri Lankan and Chinese companies for the purpose of increasing volumes of trade between the two countries.

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