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
Sri Lanka Marxist party says there is a growing trend of communal clashes
-- [3 hours ago]
Canada encourages Sri Lanka to fulfill its commitment to UNHRC on the anniversary of Black July
-- [4 hours ago]
Sri Lankan PM questions how fighting corruption is political revenge
-- [4 hours ago]
Government warns plantation companies failing to pay Rs. 2500 wages increment to workers
-- [5 hours ago]
Two Japanese naval ships arrive at Sri Lanka's Colombo Port
-- [5 hours ago]
Sri Lanka plans LPG imports from Iran again
-- [6 hours ago]
Sri Lanka hopes to restore crude oil imports from Iran
-- [6 hours ago]
President to deposit treasure items in Moragahakanda Kalu Ganga reservoir project tomorrow
Pakistan national carrier confirms talks with SriLankan on leasing four A330s
Sri Lankan President instructs to raise VAT on tobacco and remove private healthcare charges

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.