Lanka to buy 500 buses from India for USD 15 mn
- Country:
- Sri Lanka
Sri Lanka will purchase 500 buses from India for USD 15 million by utilising the line of credit extended to it during President Gotabaya Rajapaksa's visit to New Delhi, officials said on Friday. The new buses for Sri Lanka Transport Board would be procured to strengthen the country's public transport, according to a memo approved by the Cabinet this week.
"The Cabinet of Ministers has given their consent for procurement of 400 new buses with 50–54 seating capacity and 100 new buses with 32–35 seating capacity utilising USD 15.03 million under the Indian loan grant/scheme," the memo said. Prime Minister Narendra Modi in November announced a financial assistance of USD 450 million to Sri Lanka including USD 50 million to fight terrorism after he held "fruitful" talks with the island nation's newly elected President Rajapaksa.
In his first overseas tour after taking over the reins of Sri Lanka, Rajapaksa travelled to India on a three-day visit.
ALSO READ
-
ADB Approves $100 Million to Build Job Skills for Young Sri Lankans
-
World Bank Approves $110 Million to Rebuild Sri Lanka’s Cyclone-Hit Roads and Lives
-
Japanese Lawmakers Visit India to See Worker Protection and Skills Projects in Action
-
Indian Unions Push for Fair Recruitment and Rights for Care Workers in Germany
-
Cleaner Kitchens, Polluted Skies: Hidden Health Cost of India’s Electricity Boom
Google News