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Another big Chinese loan for rural roads
View(s):The government has received another Chinese loan of US$ 400 million (Rs. 52 billion) to develop ‘B’ grade roads and rural roads, Road Development Authority (RDA) Chairman R.W. Premasiri said yesterday. The loan was being provided by the China Development Bank and the Ministry of Finance would be in charge of allocating the required funds for the projects, he said.
Mr. Premasiri said the main purpose was to improve the rural road network to link with the main roads which were being developed.
He said some of the uncompleted roads under local government authorities would also be completed under this project.
China has given Sri Lanka more than US$ 2.2 billion recently in loans for infrastructure projects.
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