Lanka Newspapers – China gets dragon s share of post-war projects in Lanka
China has bagged the largest chunk of post-war development projects in Sri Lanka s North and South with ongoing and projects concluded estimated at more than US$ 6.1 billion or about Rs 6,973 million.
Contrary to popular belief that funds for all these projects are outright grants, all the money is being obtained at commercial rates from China s Exim Bank. This means the loans will have to be re-paid with interest by successive Governments in the years to come.
Daily Mirror - India’s Cairn starts oil hunt in the Mannar Basin
Cairn Lanka, a fully owned subsidiary of Cairn India (CAIL.BO), said on Thursday it had started a $100 million seismic survey off Sri Lanka’s northwestern coast to explore for crude oil.
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