35 b Yen for energy, highway projects
Sri Lanka’s Ambassador to Japan Ranjith Uyangoda and the Governor of
the Japan Bank for International Cooperation (JBIC) Koji Tanami singed
five loan agreements pertaining to 39th Yen Loan Package amounting to 35
billion Japanese yen on Tuesday at a ceremony held at JBIC headquarters
in Tokyo.
The yen loan package is offered on concessionary terms and
administered by the JBIC. It will support the financing of five major
projects namely;
(i) Project on Energy Diversification Enhancement - JPY 820 mn
(Ongoing project)
(ii) Project on Southern Highway Construction - JPY 17,499 mn
(Ongoing project)
(iii) Project on Water Sector Development - JPY 8,388 mn (Ongoing
project)
(iv) Project on Greater Colombo Urban Transport Development (Outer
Circular Highway) - JPY 5,718 mn (Ongoing project)
(v) Project on Poverty Alleviation & Micro Finance Project, in the
Northern and Eastern provinces - JPY 2,575 (mn) - New project)
Japan being a largest bilateral donor for Sri Lanka has extended a
significant quantum of Overseas Development Assistance (ODA) to Sri
Lanka over the years. This year’s yen loan package is a clear indication
of confidence reposed in the ‘Mahinda Chinthana’ 10 Year Development
Strategy by the Japanese Government.
The signing of Exchange of Notes pertaining to the 39th Yen loan was
done at the Finance and Planning Ministry in Colombo by Ambassador of
Japan in Sri Lanka Kiyoshi Araki and Secretary, Ministry of Finance and
Planning Dr. P. B. Jayasundara. |