Sri Lanka, Oct. 8 -- The Asian Infrastructure Investment Bank (AIIB) and the Government of Sri Lanka have signed a loan agreement for the Kerawalapitiya-Port L Second Transmission Line Project, under which AIIB will provide USD 52 million in sovereign-backed financing to help Sri Lanka unlock its renewable energy potential and advance sustainable development.

The agreement was signed by the Secretary to the Treasury/ Ministry of Finance, Planning and Economic Development, Dr. Harshana Suriyapperuma and AIIB Director General, Public Sector Clients Department (Region 1), Rajat Misra in the presence of Minister of Energy Kumara Jayakody and Deputy Minister of Economic Development Dr. Anil Jayantha Fernando from Sri Lanka and AIIB President ...