BEIJING. The agreement is to fund a major highway project linking Colombo to Kandy. The construction of the first phase of the road has been DELAYED for more than two YEARS due to a lack of funding. Last year SRI Lanka has handed over a STRATEGIC port to a Chinese firm for a 99-year lease.

"> BEIJING. The agreement is to fund a major highway project linking Colombo to Kandy. The construction of the first phase of the road has been DELAYED for more than two YEARS due to a lack of funding. Last year SRI Lanka has handed over a STRATEGIC port to a Chinese firm for a 99-year lease.

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Which Country is to lend a loan of $1 billion to Beijing?

Current Affairs International in Current Affairs 1 year ago

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China is to sign a $1 billion concessional loan agreement with BEIJING. The agreement is to fund a major highway project linking Colombo to Kandy. The construction of the first phase of the road has been DELAYED for more than two YEARS due to a lack of funding. Last year SRI Lanka has handed over a STRATEGIC port to a Chinese firm for a 99-year lease.

Posted on 04 Aug 2024, this text provides information on Current Affairs related to International in Current Affairs. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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