The Beira Lake is seen in Colombo, Sri Lanka. Photo: Reuters

China to give US$989 million loan to Sri Lanka for major new motorway project

  • Export-Import Bank of China has agreed to provide the money, the biggest loan approved by the bank for Sri Lanka
Topic |   China-Sri Lanka relations

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The Beira Lake is seen in Colombo, Sri Lanka. Photo: Reuters
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The investment comes as Sri Lanka struggles to repay US$5.9 billion in foreign loans. Photo: Xinhua

Sri Lanka to get US$3.9 billion oil refinery next to Chinese-run port in Colombo

  • The project will be the largest foreign investment ever for the island nation
  • The refinery will produce 200,000 barrels per day, mainly for export, though Sri Lankan companies could place orders for refined products and sell them to local consumers
Topic |   Sri Lanka

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The investment comes as Sri Lanka struggles to repay US$5.9 billion in foreign loans. Photo: Xinhua
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