China approves USD 1 billion loan for Central Expressway
Posted by Editor on May 14, 2018 - 8:25 pm
Chinese Ambassador in Colombo Cheng Xueyuan has informed Prime Minister Ranil Wickremesinghe that the Chinese government has approved USD 1 billion as funding for the phase one of the Central Expressway project.
Instructions have been given to Chinese EXIM bank to process the loan. The ambassador requested the Sri Lankan side to expedite administrative and legal formalities, the PM’s Office said.
Latest Headlines in Sri Lanka
- Mahinda Rajapaksa’s security chief Neville and son Yoshitha summoned to CID December 28, 2024
- Salochana Gamage arrested by CIABOC in Rs. 9 million bribery case December 28, 2024
- NMRA suspends 60 pharmacy licenses over regulatory breaches December 28, 2024
- Sri Lanka imports 72,000 metric tonnes of rice to address market scarcity December 28, 2024
- Public oral feedback on Sri Lanka’s electricity tariff amendments starts today December 27, 2024
Enjoy
How much of this USD 1 billion will go into the bank account of Mahanama’s Boss?
wow more rich politicians who will get a chance to live in style and more tax money of the poor who have to tighten their belts to pay back these loans