In 2015, China, under the BRI, agreed to provide financial assistance to Sri Lanka in building the national nephrology specialist hospital in Polonnaruwa region. The construction of a 25,000 square-meters Sino-Sri Lanka friendship hospital, at an estimated cost of USD 61.5 million, began in 2018 and was completed in June 2021. The Sino-Sri Lanka friendship […]

In June 2012, China Development Bank Corporation (CDB) and the government of Sri Lanka signed a $214.2 million loan agreement for the development of Moragahakanda-kalu Ganga project.  It is an irrigation and power generation project, aimed to promote agriculture and plantation sector of Sri Lanka. The project aimed to generate 20 megawatts to cater the […]

Amid the outbreak of pandemic covid-19, China has extended medical assistance to the country. With Amid the outbreak of pandemic covid-19, China has extended medical assistance to the country. With supplying 1.1 million doses of the Sinopharm vaccines, it extended a $500-million loan to the country. Moreover, it has promoted people to people interaction and […]

Narocholai coal power plant, also knowns as Lakvijaya coal plant is the country’s largest coal power based energy generator located in Norocholai, Puttalam, on the southern-end of the Kalpitiya Peninsula. In spite of protests from civil society and environmental organizations, the construction began in 2007, project completed and operationalized in three phases in 2011, 2013 […]

In April 2017, the government of Sri Lanka signed a USD 54.8 million loan agreement with China Development Bank for the Katana Water Supply Project (WSP) to ensure safe drinking water supply to all 45 Grama Niladdhari divisions in Katana Divisional Secretariat. It involved the construction of three towers (at Bambukuliya, Ewariwatta and Thibirigaskatuwa) and […]

In 2013, the Exim Bank of China and government of Sri Lanka agreed to develop sections of Matara-Kataragama Railway Line Extension project. The Exim Bank provided USD 200 million under Preferential Buyer’s Credit (PBC) facility and USD 78.2 million under Chinese Government Concessional Loan (CGL) facility. The railway project, as a part of BRI, aimed […]

Sri Lanka has been keen to link up the international airport to the main city since 1960s. China, in 2006, offered to fund Colombo-Katunayake expressway and signed agreement with the government of Sri Lankan in 2008. After one year of loan process, in 2009, the construction of 25.6km road at an estimated cost of USD […]

In December 2009, China Exim bank and Sri Lanka signed a government concessional loan (GCL) agreement worth RMB 1.3 billion for the construction of Mattala Rajapaksa International Airport. The contract was awarded to China Harbour Engineering Company. Opened in 2013 for flight operations, it is the second international airport in country. Media reported the face […]

In 2017, when Sri Lanka was unable to repay the Chinese debt, it handed over the Hambantota port and 1500-acre land around it to China over 99 years lease despite locals protests and opposition’s concerns over sovereignty and national security. China and Sri Lanka signed a concessional loan agreement of USD 1.1 billion to develop […]

The CE in Sri Lanka will connect Hambantota Port, Katunayake International Airport and Kandy. After four years of negotiation, China, in 2019, agreed to provide USD 989 million concessional loan to Sri Lanka to build central expressway section-1. This is the largest loan the Exim Bank of China has provided to Sri Lanka, covering 85% […]