Sri Lanka, Oct. 8 -- The Asian Infrastructure Investment Bank (AIIB) has signed a loan agreement with the Government of Sri Lanka to support the Kerawalapitiya-Port L Second Transmission Line Project, under which it will provide USD 52 million in sovereign-backed financing. The funding aims to enhance Sri Lanka's power transmission capacity and unlock the country's renewable energy potential, contributing to sustainable development.

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