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China to give US$989 million loan to Sri Lanka for major new motorway project

China has agreed to provide a loan of US$989 million to Sri Lanka to build an motorway that will connect the island nation’s tea-growing central region to a China-run seaport on the southern coast, the island’s finance ministry said Friday.The Export-Import Bank of China has agreed to provide a loan covering 85 per cent of the contract price for Central Expressway Project – Section 1, whose total cost is US$1.16 billion. The loan is the single largest loan approved by the bank for Sri Lanka,…... If you wish to read this full breaking news headline, plus more articles from around Thailand and Asia like, China to give US$989 million loan to Sri Lanka for major new motorway project, simply click on 'Read full story' below, but 1st please give us a 'LIKE' or 'SHARE' before you leave. Thank you China to give US$989 million loan to Sri Lanka for major new motorway project

 

 

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Published By: SOUTH CHINA MORNING POST - Friday, 22 March

 

 

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