India signs agreement with Sri Lanka for developing Railway sector

Posted on:07 Jun 2017 11:54:06
India signs agreement with Sri Lanka for developing Railway sector
07 June 2017 Current Affairs:

  • India signed an agreement to provide assistance of 318 million US Dollar credit line to Sri Lanka for the development of the railway sector in the country. 

  • India already provided four Lines of Credit for the development of railway sector in Sri Lanka through its EXIM Bank amounting to approximately USD 966 million.

  • Presently Indian development assistance mainly focuses on improvement of infrastructure, livelihood development, education, healthcare, and capacity building. 


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