China to loan money for another Hambantota project

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)

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