Sri Lanka Set to Secure Yuan Loan Equivalent to $500 Million

Sri Lanka is to take out a yuan-denominated loan equivalent to $500 million to resume a stalled highway project, according to the president’s senior economic adviser.

The construction of Sri Lanka’s Central Expressway is expected to recommence later this month, Duminda Hulangamuwa, said in a phone interview on Tuesday. The project still requires more than $500 million to complete, and the government will source the additional financing, he said.