The South korean government has decided to grant a sum of US Dollars 300 million loan for Sri Lanka to utilize for several development projects here.
This loan should be repaid within 40 year period with a 10 year concessionary period it has been reported.
The secretary to the Ministry Of Finance Dr.r.s.s samarathunge and korean Ambassador to Sri Lanka won sam wan had signed the agreement regarding the loan recently.
Government is due to utilize the loan to several development projects in tne country including developing of kandy urban transport network and field development work of ocean education according yo the finance ministry.
This loan should be repaid within 40 year period with a 10 year concessionary period it has been reported.
The secretary to the Ministry Of Finance Dr.r.s.s samarathunge and korean Ambassador to Sri Lanka won sam wan had signed the agreement regarding the loan recently.
Government is due to utilize the loan to several development projects in tne country including developing of kandy urban transport network and field development work of ocean education according yo the finance ministry.
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