President meets Indian Minister:
India gives $ 416 m for Northern Railway
A Credit Agreement for USD 416 million for the construction of the
Northern Railway line was signed between India and Sri Lanka at
Janadipathi Mandiraya yesterday, in the presence of President Mahinda
Rajapaksa and India’s External Affairs Minister S M Krishna.
Exim Bank of India Managing Director Nadeem Panjetan signed the
agreement for the Indian side while Treasury Secretary P B Jayasundara
signed for the Sri Lankan side. This is the first state visit from a
Foreign Minister since the inauguration of the President’s second term
of office.
The construction of the railway line will be carried out in three
segments, from Madhu to Talaimannar, Medawachchiya to Madhu and Omantai
to Palaly.
Letters were also exchanged between Treasury Secretary P B
Jayasundara and Indian High Commissioner, Ashok Kantha for the first
phase of the 50,000 housing project for the IDPs funded by India, after
the meeting between the President and the Indian Minister.
Initially 1000 houses will be constructed in a cluster format on land
given by the Sri Lanka government.
The meeting between President Rajapaksa and the Indian External
Affairs Minister was cordial and friendly where Minister Krishna
felicitated the President on his assumption of duties for the second
term.
It was decided that Kapilawasthu relics will be brought from India to
Sri Lanka next May for the 2600 Sambudda Jayanthi celebrations.
The discussion was mainly based on the follow up of the Joint
Declaration between India and Sri Lanka when President Rajapaksa visited
India in June this year, which the Indian Minister termed as a landmark
visit.
President Rajapaksa informed the Indian External Affairs Minister
about the resettlement of IDPs which is progressing rapidly.
The Indian Minister noted that the two countries have a historic
relationship with a conducive atmosphere to strengthen those relations.
He added that the two countries have the ability to discuss any issue in
a constructive manner and the President endorsed these sentiments. Both
sides expressed satisfaction on Sri Lanka’s post-conflict reconstruction
and economic progress.
Two Indian consulates will be opened in Hambantota and Jaffna today
and tomorrow while a plaque with regard to the Northern Railway is to be
unveiled tomorrow.
The ground breaking ceremony for the housing project will also take
place in Ariyalai tomorrow.
The Indian delegation included the External Affairs Minister, Foreign
Secretary Nirupama Rao and Indian High Commissioner.
The Sri Lankan delegation included External Affairs Minister Prof G L
Peiris, External Affairs Secretary Romesh Jayasinghe, Treasury Secretary
P B Jayasundara, Secretary to the President Lalith Weerathunga and Power
and Energy Minister Champika Ranawaka. |