Kuwait Dinar 10mn loan for construction & equipping Faculty of Medicine at Moratuwa University

A medical faculty is to be established in University of Moratuwa to support the human capital, social & economic development of Sri Lanka, by improving the quality and access to higher education in Medical Sciences and to address the needs of medical services professionals in the country,
In this context, The Kuwait Fund for Arab Economic Development (KFAED) has agreed to provide a loan of Kuwaiti Dinars 10 million (approximately LKR 6,600 million) to construct and equip the Faculty.

The faculty is planned to be established near by the teaching hospital in Nagoda, Kalutara. The project comprises of construction of new buildings complex, other infrastructure facilities for the Faculty of Medicine, and supply of educational furniture & tools, laboratory equipment and related other goods. The Project will be executed by the Ministry of Education during the period of 2022-2026.

The Loan Agreement pertaining to the above loan was signed on 03rd February 2022 at the Ministry of Finance, Colombo with the participation of Basil Rajapaksa, Minister of Finance and Khalaf M.M.Bu Dhhair, Ambassador of the State of Kuwait and the Agreement was signed by S.R. Attygalle, Secretary, Ministry of Finance on behalf of the Government of Sri Lanka and Nedhal A. Al-Olayan, Deputy Director General on behalf of the KFAED.

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