China to fund three projects in Sri Lanka

The Chinese government will fund three highway infrastructure projects in the Sri Lanka capital of Colombo, an official from the Chinese Embassy to Sri Lanka said on Saturday.

According to Zhao Zhanfang, commercial counsellor of the Chinese embassy, these projects will help reduce the traffic congestion on three highly congested areas in the capital.

An investigation team from China is currently working with officials of Sri Lanka's Road Development Authority to design these three projects.

The exchange of letters relating to the provision of grant assistance for these three projects were signed here Friday by Chinese Assistant Minister of Commerce Huang Hai and Sri Lankan Treasury Secretary P. B. Jayasundera.

Source: Xinhua

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