Arab Today, arab today sri lankan railway gets chinese loan
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

Sri Lankan railway gets Chinese loan

Arab Today, arab today

Arab Today, arab today Sri Lankan railway gets Chinese loan

Colombo - XINHUA

he Sri Lankan government says China will provide a $278.2 million loan for a rail extension project on the island country\'s Southern province. The loan will be used to extend the railway line from Matara to Kataragama, an announcement on a government website stated. The 71-mile extension will be in three phases, from Matara to Beliatta, from Beliatta to Hambantota and from Hambantota to Kataragama. Officials said it should be completed by the end of 2014. The loan will come through the Export-Import Bank of China, the Sri Lankan Finance and Planning Ministry announced. Terms include an annual interest of 2 percent with repayment over 20 years, including a 5-year grace period. The project will involve constructing bridges over rivers, viaducts required over the Nilwala River flood plain, railroad crossings, road diversions, four railway stations and ground treatment. The government said it expects demand for rail transport between the Southern and other provinces of the country to increase due to rapid development and operations at the Hambantota port and a new airport coming up. The Hambantota port, opened in 2010, was built with Chinese assistance. The rail project will help provide clean, efficient and economical transport service to facilitate commuter and cargo transport between Colombo and Kataragama, the report said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sri lankan railway gets chinese loan Arab Today, arab today sri lankan railway gets chinese loan

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sri lankan railway gets chinese loan Arab Today, arab today sri lankan railway gets chinese loan

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday