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US approves US$480mn grant to SL Vote_lcap68%US approves US$480mn grant to SL Vote_rcap 68% [ 178 ]
US approves US$480mn grant to SL Vote_lcap18%US approves US$480mn grant to SL Vote_rcap 18% [ 47 ]
US approves US$480mn grant to SL Vote_lcap13%US approves US$480mn grant to SL Vote_rcap 13% [ 35 ]

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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » US approves US$480mn grant to SL

US approves US$480mn grant to SL

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1US approves US$480mn grant to SL Empty US approves US$480mn grant to SL Sat Apr 27, 2019 12:59 pm

Miss-Sangeetha

Miss-Sangeetha
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Moderator
The Millennium Challenge Corporation (MCC) of the US Government has approved a grant of US$480 million to Sri Lanka at its board meeting held on April 25, 2019 in Washington DC, subject to Congressional Notification, the Finance Ministry said in a statement.
On the request of Prime Minister Ranil Wickremesinghe, the MCC has done an evaluation in terms of their investment criteria and selected Sri Lanka as a qualified country to receive grant funding under their Compact Investment Program.
Under this grant, Sri Lanka is getting a US $ 480 million for three main projects to be completed within a period of five years i.e. a special Transport Development Program covering the Colombo Metropolitan area to reduce the traffic congestion by improving flow rate, reduce travel time, reduce traffic emission and reduce accidents combined with the Bus Transport Service Modernization program including private and public sector transport service.
Under transport development, improving 131 KM road network on the Central Ring Road connecting Sabaragamuwa, Uva, Eastern, North Central and Wayamba Provinces to the Colombo markets and export hubs.
Further, improvement of Land Administration process also will be done in eight districts, improving the land valuation system, upgrading 10 Land Registries and preparation of Parcel Fabric Map of all state and private land to facilitate the activities of the Survey Department.
Source-Dailymirror

2US approves US$480mn grant to SL Empty Re: US approves US$480mn grant to SL Sat Apr 27, 2019 2:07 pm

Uaecoindubai

Uaecoindubai
Manager - Equity Analytics
Manager - Equity Analytics
America afraid if ranil leaves from PM position, thts why sudden interest

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