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China Provides US$ 410 Million to Sri Lanka
Three framework agreements amounting to US$ 410 million were signed between Sri Lanka and China under which the Chinese government will provide concessional funding for several projects in Sri Lanka, including the second international airport at Mattala.
A statement from the Foreign Affairs Ministry noted that Treasury Secretary P.B. Jayasundera and the Chinese Vice Minister of Commerce Chen Jian inked the agreements on Wednesday. The framework agreements were signed during a three-day official visit to China undertaken by the Secretary to the Treasury.
An annual granting agreement was also signed with the Commerce Ministry of China to the value of US$ 7 million during this visit.
That statement remarked that, "Dr. Jayasundera used the opportunity to apprise Vice Minister Chen Jian of the progress achieved by the government of Sri Lanka in the fields of power, ports and highways as well as new construction and development initiatives undertaken by the government, particularly in the Northern and Eastern regions."
It noted that the Treasury Secretary briefed Chinese officials on the intention of the government to speed up reconstruction efforts, especially the construction of roads and railroads, to link the North and South which would contribute to improving the living conditions and livelihoods of the people in those provinces.
The Vice Minister of Commerce of China indicated further development assistance to improve the general living standards as well as to achieve a higher growth rate for Sri Lanka. The Sri Lankan delegation also held discussions with the Finance Ministry of China, and assessed the progress of ongoing projects with Chinese Contractors.
From:Sri Lanka Breaking News-Daily Mirror Online
Three framework agreements amounting to US$ 410 million were signed between Sri Lanka and China under which the Chinese government will provide concessional funding for several projects in Sri Lanka, including the second international airport at Mattala.
A statement from the Foreign Affairs Ministry noted that Treasury Secretary P.B. Jayasundera and the Chinese Vice Minister of Commerce Chen Jian inked the agreements on Wednesday. The framework agreements were signed during a three-day official visit to China undertaken by the Secretary to the Treasury.
An annual granting agreement was also signed with the Commerce Ministry of China to the value of US$ 7 million during this visit.
That statement remarked that, "Dr. Jayasundera used the opportunity to apprise Vice Minister Chen Jian of the progress achieved by the government of Sri Lanka in the fields of power, ports and highways as well as new construction and development initiatives undertaken by the government, particularly in the Northern and Eastern regions."
It noted that the Treasury Secretary briefed Chinese officials on the intention of the government to speed up reconstruction efforts, especially the construction of roads and railroads, to link the North and South which would contribute to improving the living conditions and livelihoods of the people in those provinces.
The Vice Minister of Commerce of China indicated further development assistance to improve the general living standards as well as to achieve a higher growth rate for Sri Lanka. The Sri Lankan delegation also held discussions with the Finance Ministry of China, and assessed the progress of ongoing projects with Chinese Contractors.
From:Sri Lanka Breaking News-Daily Mirror Online
