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* Japan agrees to assist Sri Lanka's ports, infrastructure development
Thu, Mar 15, 2018, 09:21 am SL Time, ColomboPage News Desk, Sri Lanka.

Mar 15, Colombo: Japan on Wednesday agreed to assist the development of Sri Lanka's infrastructure such as port facilities in Trincomalee and Colombo, renewable energy sources and the highways.

Sri Lankan President Maithripala Sirisena, who is on a six-day official visit to Japan, officially met with the Japanese Prime Minister Shinzo Abe on Wednesday and held bilateral discussions on a range of issues.

Prime Minister Abe stated that he would work towards providing funds without loans anytime possible while giving assistance to the development programs of Sri Lanka.

He assured the Sri Lankan President that Japan would provide assistance for the Sri Lanka's infrastructure development prioritizing the development of ports.

The two leaders discussed the assistance provided by the Japanese government for the development of the Colombo- Trincomalee port and agreed to promote bilateral cooperation on maritime security in the Indo-Pacific region.

Japanese Premier noting the assistance given by Japan for maritime security and naval activities stated that out of the Indian Ocean countries only Sri Lanka was fortunate to receive this assistance from Japan.

Prime Minister Abe also reaffirmed that assistance will be provided for development of renewable energy resources and the island nation's highway system. He also agreed to provide assistance for disaster management programs as well waste disposal systems in Sri Lanka.

The two leaders held lengthy discussions on enhancing the economic and trade ties between the two countries and President Sirisena noted that contribution of both public and private sector is important in making investments within Sri Lanka.

They also agreed on the necessity of keeping "maximum pressure" on North Korea to abandon its nuclear weapons and missiles.

Following the meeting, the Japan signed a loan agreement with Sri Lanka to provide up to yen 10.6 billion ($99.5 million) in low-interest loans for projects to improve Sri Lanka's health and medical services, including building facilities and training nursing personnel.

 

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