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Billion+Dollars+from+China+for+the+Central+Expressway
Sunday, 17 March 2019 - 13:08
Billion Dollars from China for the Central Expressway
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Sri Lanka has obtained a one billion US Dollar loan from China EXIM Bank for the construction of first phase of the Central Expressway.

However, the delay in completing negotiations pertaining to the loan is estimated to cost 12 billion Rupees extra, due to cost of materials and currency fluctuations.

The loan was approved after the Treasury’s External Resources Department officials held discussions with the EXIM Bank in China last week.

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