Video: China pledges more financial aid to Lanka

28 May 2013 11:05 am - 11 - {{hitsCtrl.values.hits}}

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The China Exim Bank has pledged continuous support to Sri Lanka’s development work, particularly in areas involving road development, construction of highways and water supply projects.

China’s Exim Bank Chairman Li Ruogu, which financed Sri Lanka to build a new port, airport, a highway and several other development projects during the last seven years has given this assurance when he held talks with visiting President Mahinda Rajapaksa on this morning in Beijing.

During the meeting at the China World Hotel, President Rajapaksa has thanked the Chairman of the Exim Bank for the funding support given to Sri Lanka’s development projects.

“My government has deviated from the city-centered development strategy and embarked on the development of rural areas by enhancing infrastructure facilities,” President Rajapaksa has told the Chairman of the Bank, according to a statement issued by his office.

The Bank has provided financial assistance to 37 development projects in the country during the past seven years. These included the Mattala Rajapaksa international airport, the Magampura Mahinda Rajapaksa Harbour and the southern highway.

President Rajapaksa also said that the development order inherited from the colonial era has been totally changed and the people are now enjoying the benefits of such changes.

The President has invited the chairman of the Exim Bank to engage in a tour in Sri Lanka.

President's secretary Lalith Weeratunga and finance ministry secretary P.B. Jayasundera also participated in the discussion.
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Comments - 11

Fayad Tuesday, 28 May 2013 11:23 AM

At what cost ?

Tharaka Chanaka Tuesday, 28 May 2013 11:31 AM

We have become the begging bowl with no bottom! Jaya wewa !!!

Gnanapala Tuesday, 28 May 2013 12:27 PM

Good news. More funds=more commissions.

surain Lal Tuesday, 28 May 2013 01:02 PM

at what commission rate where will those go

renu Tuesday, 28 May 2013 01:02 PM

High ways & Water projects easily 20%

kumudu Tuesday, 28 May 2013 01:16 PM

Who pays the loan. Do they accept to settle in Rupees. Ratta viru saranai.

Mutu Tuesday, 28 May 2013 09:49 PM

This must be financial loans. We all will have to pay back through or noses!!!

Mr. Thavi Wednesday, 29 May 2013 01:05 AM

Even for begging no one else gives money to Sri Lanka except China. Without China there is no longer China by now may be Elam State.

Living the dream o/s Wednesday, 29 May 2013 04:26 AM

Better Elam than going into debt and starvation

Merviya Wednesday, 29 May 2013 06:00 AM

Begging bowl of Asia !! Also, if loans come with interest, will have to pay by selling our privates !!

truealf Wednesday, 29 May 2013 06:33 AM

China always our Friend. Thank you China for helping our Country developments....

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Video: China pledges more financial aid to Lanka

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