Reply To:
Name - Reply Comment
Last Updated : 2024-04-25 20:04:00
India today signed an agreement with Sri Lanka to provide over $400 million to finance three water supply projects in the country that would benefit at least one million consumers.
The agreement, between the Export-Import Bank of India and Sri Lanka's National Water Supply and Drainage Board, was inked in the presence of the Minister of Water Supply Rauff Hakeem and the Indian High Commissioner in Colombo, YK Sinha.
The buyers credit arrangement is worth $403.1 million, the minister said in a press release.
Hakeem said the Indian assistance under this scheme would benefit at least one million water consumers in the three provincial areas outside the capital Colombo.
India has been stepping up its development assistance to Sri Lanka since the end of the separatist war in the north and east regions.
India is engaged in a number of development cooperation projects in the island-nation, including a $270 million project to build 50,000 houses for ethnic-Tamils displaced by 30 years of civil war, which ended in 2009.
India is also engaged in the reconstruction of the Northern Railway Line in the country's war-ravaged north. (economictimes)
Baa Thursday, 10 March 2016 11:49 AM
Hopefully all the money spent on the project and no kickbacks like in the past to MR and family companies of NR and YR now coming out gradually. Unfortunately MR covered up his tracks well - will take more time to get them.
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
US authorities are currently reviewing the manifest of every cargo aboard MV
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul