Japan grants over Rs. 500 m to develop railway network and agricultural facilities

Monday, 6 April 2015 00:00 - - {{hitsCtrl.values.hits}}

The Japanese Government has agreed to provide grant assistance of approximately Rs. 500 million (Japanese Yen 220 million) to Sri Lanka to develop railway network and agricultural facilities in the country. The grant will be provided under a non-project grant aid in the Japanese 2014 fiscal year for the provision of Japanese equipment for the projects. The equipment to be procured under this grant has been selected in consultation with the Ministry of Internal Transport and the Ministry of Irrigation and Agriculture, the Government said in a statement. Equipment to be procured for the Ministry of Internal Transport will be distributed to the Department of Railways while the equipment to be procured for the Ministry of Irrigation and Agriculture will be distributed to Government agricultural institutions. The Cabinet has granted approval for a proposal made by the Prime Minister as the Minister of Policy Planning, Economic Affairs, Child, Youth and Cultural Affairs to sign the exchange of notes with the Government of Japan for this purpose.

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