Sri Lankan president signs three loan agreements totaling 455 mln USD with ADB

          Source: Xinhua| 2019-01-17 16:41:07|Editor: xuxin
          Video PlayerClose

          MANILA, Jan. 17 (Xinhua) -- Sri Lankan President Maithripala Sirisena signed on Thursday three loan agreements totaling 455 million U.S. dollars with the Asian Development Bank (ADB) to fund projects in higher education and transport as well as a technical assistance loan in the urban sector.

          Sirisena signed the loan agreements during his first visit to the ADB headquarters while conducting a state visit to the Philippines.

          The three loans include 145 million U.S. dollars for a project to support the development of science and technology faculties in four universities to nurture a new breed of technology-oriented graduates, 300 million U.S. dollars to finance construction of about 5.3 km of an elevated toll highway to link Colombo's international port with the country's expressway network, and a 10 million U.S. dollars technical assistance loan to finance the establishment of a facility that will help improve the design and implementation of urban projects in Sri Lanka.

          This year, the Manila-based bank said ADB's total commitment to Sri Lanka, including these three loans, will amount to 815 million U.S. dollars.

          "Sri Lanka highly values the assistance provided by ADB to various development plans of our country," Sirisena said, adding that "The economic cooperation extended by ADB is of extreme benefit to the countries grappling with development issues."

          ADB's CPS for Sri Lanka focuses on building high quality infrastructure in the transport, energy, and urban sectors by expanding investments in new areas such as railways, wind and solar power generation, and economic corridors.

          Sri Lanka was a founding member of ADB in 1966.

          Since a first loan to the country in 1968 to help modernize tea factories, ADB has supported Sri Lanka's economic transformation with assistance totaling 9.8 billion U.S. dollars, including through concessional loans and technical assistance.

          Sirisena arrived in the Philippines on Tuesday for a five-day state visit. He met with President Rodrigo Duterte on Wednesday and they discussed issues "on areas of mutual interest, including political, economic, cultural and people-to-people engagement."

          Aside from visiting ADB, Sirisena will also visit the International Rice Research Institute (IRRI) in Los Banos in Laguna province, south of Manila.

          TOP STORIES
          EDITOR’S CHOICE
          MOST VIEWED
          EXPLORE XINHUANET
          010020070750000000000000011100001377518451
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  欧洲一区二区免费视频在线观看网站 | 中文文字幕文字幕永久免费 | 一本色综合久久 | 日本又色又爽又黄的观看 | 中日韩亚洲国产综合精品 | 日本欧美大码a在线观看 |