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Sri Lanka gets Korean loan for solid waste disposal

Apr 28, 2011 (LBO) - Sri Lanka is to get a loan equivalent to 33,536 million US dollars (41,886 million rupees) from South Korea to build four facilities for disposal of solid waste which is a growing problem in the island.
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The Korea Economic Development Fund of the Export - Import Bank of Korea is to provide the loan in Korean won.

The funds will be used to build sanitary landfill facilities in four places - east Nuwaragampalatha and Udunuwara in the central hills, and Panadura and Hikkaduwa on the west coast.



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The aim of the project is to minimise environmental pollution and improve the living environment of residents, a government statement said.

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The total estimated cost of the project is 41.9 million US dollars with the balance funds to be provided by the Sri Lankan government.

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