High Commission of Sri Lanka in India

A Dollar Credit Line of USD 45.27 million from the Government of India for financing the Rehabilitation of Kankesanthuri Harbour PDF Print option in slimbox / lytebox? (info) E-mail
Wednesday, 24 January 2018 12:52

The Government of Sri Lanka signed a Line of Credit amounting to USD 45.27 million for financing the Rehabilitation of KKS Harbour.  This project will be implemented by the Sri Lanka Port Authority under the supervision of the Ministry of Ports and Shipping. Under this project the Rehabilitation of Breakwater and Additional pier/s for commercial Cargo handling and infrastructure facilities will be developed.  The proposed credit line will be provided by the Government of India through Export Import Bank of India (EXIM Bank).

During the last few years Indian foreign direct investment in Sri Lanka has expanded exponentially.  Presently, Indian development assistance mainly focuses on improvement of economic infrastructural facilities, livelihood development, education, healthcare, capacity building and economic renewal of Sri Lanka.  Previously, both governments linked a Line of Credit (LOC) of USD 318 million for the development of the railway sector in Sri Lanka in June 2017



 

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