The Sri Lankan government has asked Chinda for a "massive" loan from China to fund another project in Hambantota, reports the Sunday Times.
According to the paper, government officials were seeking a loan for an extension on the Southern Expressway, and China's EXIM bank has agreed.
See more here.
Related articles:
China’s loans to Sri Lanka reach nearly $4 billion (04 May 2014)
9th round of consultations with China 'highly successful' says Sri Lanka (03 May 2014)
Sri Lanka owes over $15 billion in foreign loans (20 Jul 2012)
Who benefits from Chinese loans to Sri Lanka? (21 Nov 2010)
We need your support
Sri Lanka is one of the most dangerous places in the world to be a journalist. Tamil journalists are particularly at threat, with at least 41 media workers known to have been killed by the Sri Lankan state or its paramilitaries during and after the armed conflict.
Despite the risks, our team on the ground remain committed to providing detailed and accurate reporting of developments in the Tamil homeland, across the island and around the world, as well as providing expert analysis and insight from the Tamil point of view
We need your support in keeping our journalism going. Support our work today.
For more ways to donate visit https://donate.tamilguardian.com.
