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Sri Lanka’s Government is to sign an agreement with the Japanese aid agency

ITN News Editor
By ITN News Editor January 3, 2019 19:10

Sri Lanka’s Government is to sign an agreement with the Japanese aid agency

Sri Lanka’s Government is to sign an agreement with the Japanese aid agency, Japan International Cooperation Agency (JICA), for a 200 billion yen soft loan to build a Light Rail Transit system.
A government statement said the Cabinet of ministers had approved a proposal by Finance Minister MangalaSamaraweera to enter into negotiations with JICA for the loan.
The loan is to fund the first 17 kilometer track of the Light RaidTransit connecting Colombo’s city centre with suburbs.
It will cost 247 billion yen of which JICA will fund 200 million yen with the balance provided by Sri Lanka.

ITN News Editor
By ITN News Editor January 3, 2019 19:10
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