Sri Lanka to obtain USD 500 Mn from India to buy fuel

 

                                  

COLOMBO: The Sri Lankan Government has decided to obtain a loan facility of USD 500 Million from India, in order to purchase fuel.

Chairman of the Ceylon Petroleum Corporation Attorney-at-Law Sumith Wijesinghe speaking to News 1st said, the facility will be secured with the intervention of the Indian High Commission in Sri Lanka.

Finance Secretary S. R. Attygalle told News 1st that the Energy Secretaries of both India and Sri Lanka are expected to sign an agreement for the loan in due course.

Source : News 1^st