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China to provide further funding for transport sector

29 May 2013 01:16 am - 13     - {{hitsCtrl.values.hits}}

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China has pledged to provide further funding to develop Sri Lanka’s transport sector that includes a number of expressways, road networks and railway lines, including a new Colombo-Jaffna expressway.

The president’s spokesman and the international media unit said in statement that the agreement was one of several reached during bilateral meetings between representatives of Sri Lanka and China that took place in Beijing yesterday.

Apart from the proposed Colombo - Jaffna highway, the Chinese government will also aid Sri Lanka in developing a Colombo-Kandy-Kurunegala expressway and extending the southern expressway from Matara to Kataragama.

President Rajapaksa thanked Chinese President Xi Jinping for China’s continued support to Sri Lanka in a number of spheres. He also congratulated President Xi, who took over as China’s new president in March this year, and said his assumption of this high office was a testament to the confidence the Chinese people had in him.

President Rajapaksa said that his many visits to the East Asian nation had helped him gain a deep and profound understanding of China’s political, economic and social dynamics, and that he looked forward to working closely with the new administration.

President Xi, recalling the longstanding ties between China and Sri Lanka, said that the fact that President Rajapaksa was visiting China for the seventh time was an indication of the strength of the relationship between the two countries and said he looked forward to further strengthening the bilateral ties during his tenure.

During the bilateral meeting, the two delegations also discussed trade and tourism. The two countries signed an agreement to establish two committees that would work towards a free trade agreement. This would give Sri Lankan products such as apparel, gems and jewellery, tea and rubber wider access in the Chinese market.

In the area of tourism, Sri Lanka and China agreed to work towards the goal of attracting 100,000 Chinese tourist arrivals to Sri Lanka by 2015.

China has also pledged support for a number of other projects; Water supply schemes in Attanagalla, Minuwangoda and Kurunegala, an international conference hall in Kandy, an arts theater in Anuradhapura and the development of the national hospitals in Colombo and Ragama.

External Affairs Minister G.L. Peiris, External Affairs Ministry monitoring MP Sajin de Vaas Gunawardena, Ministers Wimal Weerawansa and Douglas Devananda, MPs A.H.M. Azwer and Namal Rajapaksa, Presidential Secretary Lalith Weeratunga, Finance Ministry Secretary P. B. Jayasundera, Chief-of-Staff Mr. Gamini Senerath and Sri Lanka’s Ambassador in China, Mr. Ranjith Liyangoda were among those present at the meeting.
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  Comments - 13

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  • zorro Wednesday, 29 May 2013 08:19 AM

    political strings of the west is far better than the hidden agenda of the Chinese to swallow the country for ever. You want sell your kids to the Chinese?

    kasi Wednesday, 29 May 2013 08:34 AM

    Go and search on google "what happened to the Expressways built by Chinese in Zambia & Angola" - washed away in rain.

    Vernon Wednesday, 29 May 2013 05:52 AM

    Although railways are mentioned at the beginning, no project is listed. Railways should be one of the main means of transport for goods and passengers. Transport of heavy goods along roads for long distances, which is uneconomical and a big hindrance for small motorists, should be avoided at all costs.

    Chewing Gum Wednesday, 29 May 2013 01:19 AM

    Thanks DM for not using the word 'Aid". It is funding or loans at high interest rates.

    Be fair...... Wednesday, 29 May 2013 02:33 AM

    Funding at a cost, to the hapless citizen and wealth creation for the policitally fortunate folks

    kaputakukula Wednesday, 29 May 2013 06:25 AM

    Being swallowed little by little.

    Punny Pellow Wednesday, 29 May 2013 02:58 AM

    Hi-Knees way of Hallo-my-Nation aka colonisation.

    yoshi Wednesday, 29 May 2013 03:14 AM

    good move to bridge north and south harmony

    mail_guy Wednesday, 29 May 2013 03:33 AM

    begging has been known as funding in Sri Lanka. Anyway I funded a beggar yesterday.

    meenavan Wednesday, 29 May 2013 03:42 AM

    One hundred thousand Chnese tourist or employees....come under future Chinese projects carry out in Sri Lanka......????

    Living the dream o/s Wednesday, 29 May 2013 04:25 AM

    These loans will make this third world underdeveloped country bankrupt with more people starving.

    Mewan Wednesday, 29 May 2013 04:36 AM

    So what do you prefer. You prefer US EU aid with political strings attached?

    Terrace Wednesday, 29 May 2013 07:41 AM

    Who get this projects 10%


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