Fri, 29 Mar 2024 Today's Paper

SL to sign loan agreement with JICA for light rail

By

4 January 2019 10:25 am - 0     - {{hitsCtrl.values.hits}}

A A A

  • Cabinet approval to borrow from AIIB for US $ 287mn Colombo Urban Revitalization Project


The Cabinet of Ministers has approved a proposal by Finance and Mass Media Minister Mangala Samaraweera to hold negotiations and enter into an agreement with the Japan International Cooperation Agency (JICA) to fund a light rail system.


The 17km-long light rail transit system is to be built between Colombo Multimodal Transport Hub and Malabe with a 246, 641 million Japanese yen investment.
The proposal in this regard was presented to the Cabinet by Minister Samaraweera during the first Cabinet meeting of the new government chaired by President Maithripala Sirisena on Wednesday.Japan International Cooperation Agency has agreed to provide 200 billion Japanese yen for the project.


Finance and Mass Media Ministry is expected to hold negotiations with JICA shortly to enter into an agreement in this regard.

Meanwhile, the Cabinet of Ministers also gave their nod to the Finance and Mass Media Ministry to hold and enter into agreement with China-backed Asian Infrastructure and Investment Bank (AIIB) to finance the proposed US $ 287 million Colombo Urban Revitalization Project. The government and the local private sector are also expected to fund the project. 

 


Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

  Comments - 0

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment





Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

VAT increase: SOUNDs death knell for publishers, readers

Though the Government imposed VAT (Value Added Tax) on vegetables and other e

How female change-makers are driving Sri Lanka’s energy saving platform

Saving energy has become more of a responsibility than a habit in today’s c

A dull Ramadan awaits Muslims amidst the Soaring Cost of Living

In the coming days, Muslims across the world will welcome the Holy Month of R

New wildlife underpass to curtail HEC

As of February 2024, Sri Lanka lost another 38 elephants as a result of the H

MIRROR CRICKET

More