Press briefing of Cabinet Decision taken on 2010-12-08

A Loan of US $259.8 million from the Government of China to finance Road Projects

- A Credit facility of US $259.78 million will be provided by China through the Export Import Bank of China to finance 85% of the total cost of the following projects. The balance 15% will be provide by the Government of Sri Lanka. Total cost of the projects will be US $305.63 million.
* Rehabilitation and improvement of 67 km. of Navatkuli-Karaitivu- Mannar (A 0
* Rehabilitation and improvement of 113 km. of Puttalam-Marichchikade-Mannar (B 379, B 403) road
* Southern Transport Development Project - 15 km. of highway section from Pinnaduwa to Kodagoda (Package 1
* Southern Transport Development Project - 15 km. of highway section from Kodagoda to Godagama and balance work in Galle Port Access Road (Package 2).
Cabinet approval was granted to sign the four Agreements with the Exim Bank of China for the purpose.