Exim Bank supports development
Secretary to the Treasury Sumith Abeysinghe, signed two financing
agreements relating to the construction of the Colombo Katunayake
Expressway and the Hambantota Bunkering Project with the Vice President
Zhu Xinqiang, of the Exim Bank of China recently. He is on a visit to
Beijing to discuss future bilateral development assistance programme to
Congratulating Sri Lanka for the recent victory in defeating
terrorism, the Vice President Zhu Xinqiang recalled the strong bilateral
relations existing between the two countries and expressed that overall
relations between the two countries have been further strengthened and
consolidated with closer development co-operation. Recalling the
improving trade & investment ties, he indicated that China would assist
Sri Lanka in her future development efforts.
Treasury Secretary Abeysinghe gave a detailed account of the new
opportunities that have arisen in Sri Lanka in the aftermath of the
defeat of terrorism and explained the current development priorities of
the Government, particularly under the Uthuru Wasanthaya (Northern
Further the Secretary explained that under the leadership of
President Rajapaksa, the Government has launched a comprehensive
development program for accelerated development covering the entire
The signing of the two agreements will pave the way for much needed
infrastructure requirements which will have an immense impact on the
country's future socio-economic development.
The Hambantota Bunkering facility is a major component of the
Hambantota Port Development Project, which is also largely being funded
with Chinese assistance.
Upon completion, the Colombo Katunayake Expressway will establish a
modern and efficient transport link between the Airport to the city of
Colombo reducing the traffic congestion and the travel time.