Malaysia Trade Corp to fund infrastructure projects in Sri Lanka

Malaysia Trade Corp

Aug 25, 2015 (LBO) – The Malaysia External Trade Development Corporation (MATRADE) is to fund infrastructure projects in Sri Lanka through Malaysia’s EXIM bank, an official said.

MATRADE is ready to work with Sri Lanka in the areas of property development, monorail, railway infrastructure development, port operations, real estate, and constructions of resorts.

“The funding into projects will be channeled via the Central bank of Sri Lankal,” Silmi ABD Rahman, Director, Europe Trade and Services Promotion division of MATRADE said.

This was announced at a recent meeting organized by Sri Lanka Malaysia Business Council and the Ceylon Chamber of Commerce.

President of the Sri Lanka Malaysia Business Council Aashiq Lafir, invited MATRADE to consider relocating or operating an external office in Colombo to further strengthening trade between the two countries.