Sri Lanka will sign a memorandum of understanding (MoU) with the Chinese government for a USD 1 billion (Rs 178 billion) loan from the Chinese Exim Bank for the construction of the first phase of the Central Expressway project tomorrow (Mar 22).
The first phase of the Central Expressway project will stretch across 37.09 km from Kadawatha to Mirigama.
Finance Secretary Dr. R.H.S Samaratunga will sign the agreement on behalf of Sri Lanka along with top officials representing the Chinese government.
The MoU will be signed at the premises of the Finance Ministry.
(Reporting by Damith Wickramasekara)
Related story
China bank approves $ 1b loan for expressway
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
The Cabinet has approved a proposal for Sri Lankans overseas to apply for their passports through an online system via the Lankan diplomatic missions.
Ajith Gallage, the owner of a Bird Park in Nagarawawa, Hambantota, has been remanded over allegations of concealing illegally imported motorcycles, in a warehouse owned by him.
Leave Comments