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 signs for US$ 300 million loan from China bank to improve roads
Thu, Mar 20, 2014, 09:54 pm SL Time, ColomboPage News Desk, Sri Lanka.

Mar 20, Colombo: Sri Lanka has entered into a US$ 300 million loan agreement with China, the Ministry of Finance and Planning announced Thursday.

The Ministry of Finance and Planning and the China Development Bank signed the loan agreement during a meeting between the officials of the two sides in Beijing recently.

The loan will be utilized for the rehabilitation of Priority Roads in seven provinces.

Rehabilitation of 250 kilometers of these roads will improve the road conditions and reduce the travel time of the commuter and vehicle maintains cost in addition to ensuring connectivity of the national road network, the Finance Ministry said.

Sri Lanka's Ambassador to China, Ranjith Uyangoda, senior officials from the Ministry of Finance and Planning, the Department of Commerce and the Embassy of Sri Lanka in Beijing were associated in the discussions.

ColomboPage - Recent 10 Stories
India to contest Sri Lanka court's death sentences of fishermen through legal process
-- [1 hour and 47 minutes ago]
Sri Lanka to establish a new Vessel Monitoring System (VMS) to monitor fishing boats
-- [2 hours ago]
India pledges Rs.10 million as immediate relief for Sri Lanka landslide victims
-- [2 hours ago]
Sri Lanka national carrier receives first of six new A330-300 on order
-- [3 hours ago]
New mission chiefs to Sri Lanka express condolences on Koslanda landslide
-- [4 hours ago]
Catholic Church of Sri Lanka rejects reports of president influencing the church to stop papal visit
-- [5 hours ago]
Madhu Road - Thiruketheeswaram sector of Sri Lanka's Northern Railway line tested
-- [6 hours ago]
Pakistan offers assistance to the Sri Lankan landslide victims
-- [6 hours ago]
Coalition party of Sri Lanka's ruling alliance to abstain from voting for the budget
-- [7 hours ago]
Sri Lanka Opposition Leader visits landslide affected village
-- [7 hours ago]

Copyright © 2000, 2014 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.