Sri Lanka to protect Colombo from floods with Chinese finance

Mar 05, 2010 (LBO) – Sri Lanka will build a flood protection system for parts of the capital Colombo with Chinese funding, a government minister said. Colombo suburbs of Kotte, Dehiwela-Mount Lavinia, Maharagama, Kesbewa and Moratuwa will be protected from storm water flooding by the project, minister Gamini Lakshman Peiris said. The 6,800 million rupees (59 US dollar) project will be financed with a loan from China Construction Bank.

China emerged as the top lender to Sri Lanka in 2009, committing 1.2 billion US dollars of aid, the finance ministry said in a report this week.