Aug 16, 2017

India commits over US$ 2.6b development aid to SL

Development partnership remains an important facet of close friendship between India and Sri Lanka. This was stated by Indian High Commissioner, Taranjit Singh Sandhu when he addressed a ceremony to mark India’s 71st Independence Day in Colombo. 

India has committed over US$ 2.6 billion in development assistance to Sri Lanka, with over US$ 460 million as outright grants, he disclosed. 

Indian projects span diverse areas. The Indian housing project, which now aims to construct 60,000 houses on grant basis, is proceeding well with over 45,000 houses constructed till date. 

Indian High Commission would soon commence building next phase of 10,000 houses, as announced by Prime Minister Shri Narendra Modi during his visit to upcountry areas. 

Emergency Ambulance Service, funded under Indian grant, covering Southern and Western provinces of Sri Lanka, allowing patients quick access to ambulances, free of charge, would now be extended to all parts of Sri Lanka, as announced by Prime Minister during his visit to Sri Lanka in May 2017. 

Indian Prime Minister also dedicated to the people of Sri Lanka a new building complex of District Base hospital at Dickoya built with Indian grant assistance .

A Line of Credit Agreement for $ 318 million was signed in June 2017 for railway sector between EXIM Bank of Indiaand Sri Lankan Treasury. India will continue to provide all possible assistance to support Sri Lanka’s developmental efforts.

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