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India to loan Sri Lanka $44m for harbour

The Sri Lankan government will raise $44.3 million from India in order to develop Kankesanthurai Harbour in Jaffna for commercial use, reported the DailyMirror on Thursday.

“We have decided to get this loan. The interest rate is being negotiated. We believe it will be a concessionary loan,” an unnamed official at the Ports Development Ministry said.

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