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India, Sri Lanka sign $67.4 m Line of Credit
Hindu,
March 11.
COLOMBO: India and Sri Lanka on Wednesday signed a Line of Credit agreement for $67.4 million to fund the second phase of upgradation of the Southern Railway Line from Colombo to Matara.
A statement by the Indian mission here said that the agreement was signed by P. B. Jayasundera, Secretary, Ministry of Finance and Planning, and Prabhakar Dalal, Executive Director, Export-Import Bank of India, in the presence of Ashok K. Kantha, the High Commissioner of India in Colombo.
The Government of India, through the Export-Import Bank of India, had earlier provided $100 million Line of Credit under an agreement signed in July 2008.
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Published: Wed Mar 10 20:00:02 EST 2010
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