Sri Lanka inks US$290 mln in railway, airport loans from China
Fri, March 12 2010 11:01 | 550 Views
Colombo (ANTARA News/Asia Pulse) - Sri Lanka has signed up US$290 million in financing from China's Exim Bank to build an airport in the south of the island and expand railways, the foreign ministry said.
The Exim Bank of China is giving US$190 million for an airport in Mattala, in the southern Hambantota district. China is also extending a US$100 million loan to Sri Lanka Railways. Both China and India is financing the re-building of railways in former war zones in Sri Lanka's north.
Sri Lankan officials also met Exim Bank vice president Zhu Hong Jie and had discussions about the " speeding up the evaluation process for the construction of the A9 highway," the foreign ministry said.
Source:
Business in Asia Today - March.12, 2010
published by
Asia PulseEditor: Ricka
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