Corporate Funding

United States Trade and Development Agency (USTDA) signs over grants worth US$ 2.5 million for Sri Lanka. United States Trade and Development Agency (USTDA) signs over grants worth US$ 2.5 million for Sri Lanka. On Monday the USTDA signed over grant funding for six development projects in Sri Lanka.

Over US$ 2 million is for five tsunami rehabilitation projects while over US$ 400,000 is technical assistance to develop aviation industry capacity.

However, all the projects must go to US companies.

The companies will be selected by the Sri Lankan government through a competitive bidding system.

The projects include feasibility studies to set up piped sewerage and sanitation systems in coastal parts that currently do not have such facilities and a study to improve transport links between Colombo and southern and eastern parts of the island.

The US foreign assistance agency’s grants will also support Sri Lanka’s first experiment in solar powered water supply systems.

A US$ 356,000 grant will partially fund a solar powered water pump and purification system in Hambantota