Economics

Japan Considers Reviving Canceled Sri Lanka $1.5 Billion LRT Project

  • July 25, 2024

A $1.5 billion Light Rail Transit (LRT) project, previously canceled unilaterally by former Sri Lankan leader Gotabaya Rajapaksa, may be considered as a potential future project, according to Japanese Ambassador to Sri Lanka Mizukoshi Hideaki. Japan recently announced the resumption of 11 suspended projects in Sri Lanka, following the country’s default on sovereign debts and

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Finance

Japan Restarts Yen Loan Projects to Boost Sri Lankan Economy

  • July 25, 2024

The Government of Japan has officially decided to resume disbursement for Yen Loan Projects in Sri Lanka, which were suspended following the country’s default in 2022. This decision was announced at a joint press conference by the Sri Lankan Finance Ministry, the Embassy of Japan, and the Japan International Cooperation Agency (JICA) Sri Lanka Office.

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