Japan agrees to develop Trinco, Colombo ports

by Sivakami
Mar 15, 2018

The Japanese government has agreed to support Sri Lanka in the development of ports at Trincomalee and colombo. 

Meeting with the Sri Lankan president who is currently visitng Tokyo, the Japanese prime minister, Shinzo Abe was quoted by the Colombo Page as saying that "Japan would provide assistance for the Sri Lanka's infrastructure development prioritizing the development of ports."

Mr Abe reportedly said Japan "would work towards providing funds without loans anytime possible while giving assistance to the development programs of Sri Lanka."

Read more here. 

After the meeting a loan agreement was signed to provide Sri Lanka with up to yen 10.6 billion ($99.5 million). 

On Wednesday, Japan signed a Rs. 15 billion loan agreement to improve Sri Lanka's health services. 

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