LBO Home IndoChina | About Us | To Advertise | Contact Us rss LBO Mobil rss rss rss rss rss
International Arbitration Centre to be established in Sri Lanka |     Electricity tariff reduction for hotels and shops from this November                                          A Special Tax Scheme for the motor vehicle imports instead of the current system                                          Value Added Tax reduced to 11 percent |     Aerospace Engineering Unit will be established at the Moratuwa University | EPF payment from the employer to be increased to 14%                                          Sri Lanka Customs to have a One Stop Service Center |  Import tax removed on infant milk food                                          A special duty scheme on motor vehicles for foreign employed individuals |  Main Sri Lankan towns to be developed under a special Urban Development Programme                                          
Sat, 25 October 2014 00:21:42
Sri Lanka gets more German aid for water supply
05 Feb, 2010 17:22:25
Feb 05, 2010 (LBO) - A water supply scheme in Galle district in Sri Lanka's south will get an additional 2.5 million Euros of financing from Germany to complete the project after costs escalated, a senior minister said.
Germany had given a 15 million Euro grant on December 07, 2009 for the second phase of the water supply scheme for areas hit by the 2004 Indian Ocean tsunami.

Germany will give an additional 1.258 million Euros as a grant and 1.966 million Euros as a loan from KfW (Kerditanstalt fur Weideraufbau) development finance agency.

An amount of 906,000 Euros will be repayable in 50 years with a grace period of 10 years and an amount of 351,000 Euros will be repayable in 40 years with a grace period of 10 years.

The credit will carry an interest rate of 0.75 percent and 0.25 percent commitment fee on the undisbursed balance.
Your Comment
Your Name/Handle
Your Email (Your email will not be displayed)
Location
Country
Your Email
Receivers Email
Your Comment