CDB to lend Sri Lanka US$580mn to finance roads and other infrastructure

China Development Bank Corporation (CDB) says it will provide a loan facility worth US$ 580 million to help Sri Lanka carry out key infrastructure projects. Of the amount, $300 million will be used for developing roads, $200 million for water supply projects and the rest will be for the national business school. The new facility will increase the total lending of CDB to Sri Lanka to more than $1.4 billion
May 23, 2013 Read time: 1 min
2621 China Development Bank Corporation (CDB) says it will provide a loan facility worth US$ 580 million to help Sri Lanka carry out key infrastructure projects. Of the amount, $300 million will be used for developing roads, $200 million for water supply projects and the rest will be for the national business school.

The new facility will increase the total lending of CDB to Sri Lanka to more than $1.4 billion

For more information on companies in this article

Related Content

  • Sri Lanka is suffering a worrying increase in road accidents and road related fatalities
    April 19, 2012
    The latest data from Sri Lanka reveals a massive rise in road accidents and the deaths. Finding the root cause is not straightforward however and may be many complex causes for this scenario. Key factors have been identified by local experts however and these include reckless driving without adequate road discipline, the absence of an effective procedure for issuing driving licenses and a lack of any training procedures for drivers as well as other road users. Other key problems include deficiencies in the
    Read More
  • Sri Lanka and India have toughened enforcement on drink driving
    January 8, 2013
    The authorities in India and Sri Lanka are targeting drink driving in a bid to cut crashes. Both countries have high road accident levels and with high annual fatality rates. In a bid to reduce the annual death toll, similar actions are being taken in both nations that focus on tackling drink driving. Data from Sri Lanka show that in 2012, there were 2,190 reported road-related fatalities and of these, negligence and drunk-driving were the main causes of crashes. But despite increased enforcement of traffic
    Read More
  • Sourcing road financing for East Africa’s network expansion
    December 4, 2015
    East Africa’s ambitious road expansion programme is seeing the network expand significantly – Shem Oirere writes The East Africa countries of Kenya, Tanzania, Uganda and Rwanda have announced ambitious road sector expansion plans in the 2015/16 financial year. This is despite their national budgets being weighed down by huge deficits and persisting lack of capacity to spend resources allocated to the sector in previous years. With the huge budget deficits, the countries will have to look for alternati
    Read More
  • We're here to help
    July 16, 2012
    Formed at the end of the Cold War, the European Bank for Reconstruction and Development has raised, and loaned, billions to revitalise infrastructure from central Europe to central Asia as Patrick Smith reports One of the highlights of the year for Thomas Maier has been the recent trip to Bratislava, the capital of Slovakia, where history was made. As the Business Group director in charge of the infrastructure sector at the European Bank for Reconstruction and Development (EBRD) he was present when contract
    Read More

Highlighted Content