Lanka Business Online

Germany grants EUR13mn for Sri Lanka development projects


July 26, 2016 (LBO) – Germany has granted 13 million Euros to Sri Lanka to implement five development projects during this year.

Finance Ministry said this grant was pledged to Sri Lanka during President Maithripala Sirisena’s official tour of Germany in February this month.

Among the projects to be implemented under this grant are: Wilpattu National Park and its Buffer Zone Management Project, Small and Medium Scale Enterprises Development Project and Social Integration Project and Transformation Facilitation Project.

Treasury secretary R.H.S. Samaratunga signed the agreement on behalf of Sri Lanka while German Ambassador Dr. Jürgen Morhard signed on behalf of Germany at the Finance Ministry yesterday.

Another project titled “Project of Quality Infrastructure Improvement in Sri Lanka” has already been implemented under a budgetary allocation of one million Euros.

The Government of Germany has been supporting Sri Lanka by sponsoring projects of different kinds such as granting technical support and offering grants assistance in many forms intending to uplift the living condition of people of Sri Lanka.

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