Sri Lanka inks agreement for single largest project loan from EXIM Bank

Sri Lanka inks agreement for single largest project loan from EXIM Bank

Sri Lanka inks agreement for single largest project loan from EXIM Bank

Written by Staff Writer

22 Mar, 2019 | 9:37 pm

Colombo (News 1st): China and Sri Lanka today signed a concessional loan agreement for US$ 989 million for phase one of the Central Expressway Project.

The agreement was signed between the Ambassador of China to Sri Lanka Cheng Xueyuan, on behalf of the Export-Import Bank of China, and Dr R.H.S Samarathunga, Secretary to the Treasury, on behalf of the Sri Lankan government.

Furthermore, this loan is the single largest loan approved by the EXIM Bank for Sri Lanka.

The Central Expressway Project connecting Colombo and Kandy will be part of the national highway network plan.

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