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China lends Sri Lanka $290m for development (TamilNet)

Mar 10, 2010 7:59:46 AM - yahoo.com
China has completed arrangements through its funding arm, Exim Bank, to provide $290m in concessionary development loans to Sri Lanka, Reuters reported. $190m of the loan is to develop a second airport in Matara and the other $100m is to improve the railways. China was the largest foreign funding source for Sri Lanka in 2009 with $1.2 billion followed by the Asian Development Bank with $424 ...