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Last updateSun, 20 May 2018 2pm

Local News

China approves a 1 billion US dollar loan facility for the construction of the first phase of the Central Expressway

China's envoy to Sri Lanka has informed Prime Minister Ranil Wickremesinghe that a long delayed 1.1 billion US dollar loan to build the Central Expressway has been approved. The loan, negotiated with the Exim Bank of China was delayed for over two years pending approval from Chinese authorities. The Government of China has now approved it. The ambassador requested the Sri Lankan side to expedite administrative and legal formalities.