Press briefing of Cabinet Decision taken on 2011-06-22

Memorandum of Understanding between China Development Bank Corporation and Government of Sri Lanka

- On a proposal made by H.E. the President, China Development Bank Corporation has agreed to provide financial assistance in a sum of US$ 1.5 billion within 03 years for the construction of roads, bridges, water supply schemes and also for irrigation and power. The proposal made by H.E. the President to sign a Memorandum of Understanding for the purpose with the China Development Bank Corporation by the Ministry of Finance and Planning, was approved by the Cabinet.