Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* China approves US$ 1 billion funds for construction of Sri Lanka's Central Expressway
Mon, May 14, 2018, 09:34 pm SL Time, ColomboPage News Desk, Sri Lanka.

May 14, Colombo: The Chinese government has approved US$ 1 billion loan to fund the construction of the phase one of the Central Expressway project.

Ambassador of China in Colombo, Cheng Xueyuan has informed this to Prime Minister Ranil Wickremesinghe when he called on the Premier this afternoon at Temple Trees, Prime Minister's Office said.

The Chinese Ambassador has informed the Prime Minister that the loan would be granted through the Exim Bank of China. The ambassador requested the Sri Lankan side to expedite administrative and legal formalities, the PMs Office said.

The Chinese ambassador has also discussed Hambantota port project and Colombo Port City project with the Premier, according to his office.

With regard to Hambantota Port, Chinese ambassador mentioned that they encourage investors to set up factories for producing high end products, the statement said. The ambassador said once started the two projects will become the engine of growth for Sri Lanka.

The last tranche for the payment of Hambantota port, which is expected to enhance the foreign reserves of the country is due on 9th June.

The Chinese ambassador also requested to expedite the negotiations for signing of Chinese free trade agreement. The progress of Chinese funded water projects were also discussed.

 

ColomboPage - Recent 10 Stories ::
Thai Business Delegation briefed on Sri Lanka's Investment Potential
-- [4 hours ago]
Engineering Faculty of Peradeniya University closed indefinitely
-- [5 hours ago]
Special program launched to update websites of all Divisional and District Secretariats
-- [6 hours ago]
Sri Lanka Navy arrest four Indian nationals with 36 kg of Kerala cannabis
-- [7 hours ago]
Sri Lanka Navy rescues two Indian fishermen drifting in the sea
-- [7 hours ago]
Malaysia's Salcon bags US$ 17 million contract to build storm water pumping station in Sri Lanka
-- [8 hours ago]
Sri Lanka Minister apologizes for statement regarding death penalty and wrongdoers in high places
U.S. to grant Sri Lanka Rs. 80 bn to strengthen development - State Minister
Former police OIC, DIG arrested over Lasantha Wickrematunge's killing granted bail
Adjournment debate on the New York Times report in Sri Lanka parliament on Thursday

Copyright © 2000, 2016 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.