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Sri Lanka to borrow 15 billion Rs. from China

Sri Lanka’s cabinet has approved the borrowing of 15 billion Rs. from China’s Development Bank for the development of 105 kilometres of road.

Ramesh Pathirana, a spokesman for cabinet, told reporters that the loan would be used to develop ten separate roads in different parts of the country.

The Daily Mirror reports that the roads which are to be developed are the Akuressa-Kamburupitiya road; Beliatta-Kirinde stretch of road; Tangalle-Weeraketiya road; Wallasmulla-Weeraketiya road; Kotuwana-Uru Bokka road; and, Parandeniya-Hakmana road.

Read more from the Daily Mirror.

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