Press briefing of Cabinet Decision taken on 2018-08-28

Improvement of the facilities needed to support the Public - Private Partnerships in Sri Lanka

- Approval of the Cabinet has been granted previously to secure funds amounting to US$ 25 million from the International Bank for Reconstruction and Development (IBRD) of the World Bank for the improvement of a structure to assist the Public‑Private Partnerships and for provision of infrastructure financing to support the Public-Private partnerships programme. Accordingly, the proposal made by Hon. Ranil Wickremasinghe, the Prime Minister in his capacity as the Minister of National Policies and Economic Affairs, to conduct negotiations in that regard and enter into the relevant loan agreements, was approved by the Cabinet.