Minister of External Affairs of India, Sushma Swaraj on Saturday (13), met Sri Lankan Finance Minister Mangala Samaraweera and discussed issues of development cooperation between the two countries.
Minister Samaraweera also held a meeting with his Indian counterpart Arun Jaitley. The Ministers reviewed the present status of ongoing economic projects between the two countries.
Sri Lanka is one of the major recipients of development credit given by India, with total commitment of around USD 2.63 billion, including USD 458 million as grants.
Under a line of credit of USD 167.4 million, the tsunami-damaged Colombo-Matara rail link has been repaired and upgraded.
Another line of credit of USD 800 million for track laying and supply of rolling stock to support construction of railway lines in northern Sri Lanka is already operational.
Leave your comments
Login to post a comment
Post comment as a guest